SEBI mandates UPI for public issues of debt securities

To streamline the application process for public issues of debt securities, the Securities and Exchange Board of India (SEBI) on Tuesday mandated individual investors applying for amounts up to Rs 5 lakh through intermediaries to use only UPI to block funds for

The move is aimed at aligning the process of applying in the public issue of debt securities, non-convertible redeemable preference shares, municipal debt securities and securitised debt instruments with that of the public issue of equity shares and convertibles, the regulator said.