Twin-bonds auction devolves on RBI
The six- and 10-year twin-bonds auction held on Monday devolved on the Reserve Bank of India and primary dealers (PDs). Around 42% of the Rs 2,000 crore six-year paper and 34.6% of the 10-year paper devolved on the RBI and the PDs, in spite of a higher yield fixed by the central bank compared with the existing yield in the secondary market.

Compulsory dematerialisation of public issues likely from November
In a bid to prevent any further infusion of paper in the market, the Securities and Exchange Board of India (Sebi) has decided to make it mandatory on companies to make all fresh share allotments through the public issue route to investors in dematerialised form only. The diktat is expected to come into effect from November this year.

Sebi eases issue norms for core firms
The Securities and Exchange Board of India (SEBI) on Monday announced a set of measures to bring in further reforms in the primary market which includes making it mandatory for companies to make fresh public issues only through the depository route.

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