SEBI Update - Allowing subscription to the issue of Non- Convertible Securities during trading window closure period.

The Securities and Exchange Board of India (SEBI) issued an important circular that addresses the issue of subscription to the issuance of Non-Convertible Securities (NCS) during the trading window closure period. This circular has implications for listed companies, stock exchanges, depositories, and investors involved in transactions during such a period of time.

It has been decided that in addition to the transactions mentioned in Clause 4(3)(b) of Schedule B read with sub-regulation (1) of Regulation 9 of PIT Regulations and SEBI Circular no. SEBI/HO/ISD/ISD/CIR/P/2020/133 dated July 23, 2020, the trading window restrictions shall also not apply to subscription to the issue of non- convertible securities, carried out in accordance with the framework specified by the Board from time to time. Link - View Circular