SEBI eases norms for Category II AIFs on debt securities investments

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The story "SEBI eases norms for Category II AIFs on debt securities investments" was covered 13 hours ago by Business Standard, a news publisher based in India.

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SEBI eases norms for Category II AIFs on debt securities investments - Business Standard

Quick Summary:

Following the LODR amendments, entities that had issued listed non-convertible debentures (NCDs) on or before January 1, 2024, were not allowed to issue any unlisted NCDs while even one listed NCD remained live.

SEBI’s consultation paper had noted that around 192 Category II AIF schemes had invested more than 50 per cent of their assets in unlisted debt.

This posed a challenge for Category II AIFs, which are mandated to invest primarily in unlisted securities.