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ARTICLE · 04 JUNE 2025

Sagus Speaks - May 2025 | Part II

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The Securities Exchange Board of India ("SEBI") through a circular dated 16.05.2025 ("EBP Circular"), has introduced amendments to the Master Circular for issuance and listing of Non-Convertible Securities...

IndiaCorporate/Commercial Law
Sagus Legal LLP
Sagus Legal LLP

REGULATORY AND POLICY UPDATES

SEBI issues circular for review of provisions pertaining to Electronic Book Provider platform1

The Securities Exchange Board of India ("SEBI") through a circular dated 16.05.2025 ("EBP Circular"), has introduced amendments to the Master Circular for issuance and listing of Non-Convertible Securities, Securitized Debt Instruments, Security Receipts, Municipal Debt Securities, and Commercial Paper dated 22.05.2024. These changes relate specifically to the provisions governing the Electronic Book Provider ("EBP") platform, which are as follows:

(1) Use of EBP Platform is now mandatory for private placement of debt securities, non-convertible redeemable preference shares, and municipal debt securities if:

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