Companies may offer optionally fully convertible debentures (OFCDs) in place of shares to small investors in initial public offerings
Securities & Exchange Board of India (SEBI) is planning to introduce an innovative structure in the primary market to attract more retail investors, according to a media report.
Companies may offer optionally fully convertible debentures (OFCDs) in place of shares to small investors in initial public offerings (IPOs), the report added.
The objective is to help retail investors exit their OFCDs in case the price of the share falls, the report added.
SEBI's Primary Market Advisory Committee is likely to discuss the proposal on February 27.
Securities & Exchange Board of India (SEBI) is planning to introduce an innovative structure in the primary market to attract more retail investors, according to a media report.
Companies may offer optionally fully convertible debentures (OFCDs) in place of shares to small investors in initial public offerings (IPOs), the report added.
The objective is to help retail investors exit their OFCDs in case the price of the share falls, the report added.
SEBI's Primary Market Advisory Committee is likely to discuss the proposal on February 27.
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