CSA Investments lowers entry for corporate bonds

CSA Investments Private Limited has launched Non-Convertible Debentures (NCDs) with a face value of Rs 10,000, following the Securities and Exchange Board of India's (SEBI) recent circular from July 3, 2024.

The SEBI circular introduced a change allowing issuers to offer debt securities or non-convertible redeemable preference shares on a private placement basis at a face value of Rs 10,000. This marks a shift from the previous investment thresholds of Rs 10 lakh and later Rs 1 lakh, opening the market to a broader range of individual investors.

Chiranshu Arora, founder and director of CSA Investments, saying, "We are launching NCDs at the revised face value of Rs 10,000. SEBI’s amendment is a step towards greater market inclusivity and accessibility."

This initiative follows a recent trend of increased participation by Non-Institutional Investors, whose subscription rates rose to 4% of the total raised funds between July and September 2023.

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