Sebi may expand definition of QIB for debt securities

The market regulator has proposed to include multistate cooperatives with net worth of more than Rs 500 crore, non banking financial companies and housing finance companies, pension Funds (including overseas pension funds, NPS Trust, Employee Provident Fund Organization), refinancing agencies such as MUDRA,reinsurance companies, small finance banks and other SEBI regulated entities with net worth of more than Rs 500 crore

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