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Sebi unveils norms for zero coupon instruments by NPOs

The Securities and Exchange Board of India (Sebi) Thursday unveiled a roadmap for public issuance of ‘zero coupon zero principle’ instruments by not-for-profit organisations (NPOs) and listing of such instruments on the Social Stock Exchange (SSE). Sebi said that such instruments will be issued in dematerialised form only, and are not transferable. The minimum issue […] ....

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