Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) have come out with a framework for listing of commercial papers, a move aimed at broadening investors’ participation in such securities. Issuers can now apply for listing of commercial papers (CPs) issued on or after November 27, 2019.
This comes after the Securities and Exchange Board of India (SEBI) in October asked exchanges to put in place the necessary framework for systems and procedures for listing commercial papers. Under the guidelines, an issuer who desires to list its CPs needs to send an application for listing along with the specified disclosures to stock exchanges.
BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME).