Digital payments firm Paytm Payments Bank on Monday said Securities and Exchange Board of India has approved Paytm UPI handle to enable fast and seamless payment mandates for IPO applications.
Paytm Payments Bank (PPBL) has also entered into a partnership with Paytm Money to enable payment mandates for IPO applications. Paytm Money has the aim to bring 10 million Indians to equity markets by the financial year 2022. By enabling @paytm UPI to apply for IPO, we are giving millions of investors the ease of seamless, secure, and rapid payments to help enhance their financial portfolio. We believe that every Indian has a right to access capital markets and benefit from the burgeoning list of successful companies which are listing in the stock market, PPBL MD and CEO Satish Gupta said in a statement.
Finance Ministry clarifies that the maturity of all perpetual bonds should be treated as 100 years from the date of issuance for the purpose of valuation
AMFI backs Sebi on perpetual bond issue
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Last Updated: Mar 12, 2021, 03:57 PM IST
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Synopsis
In a statement, the Association of Mutual Funds in India (Amfi) said it fully supports the need and spirit of the circular in capping exposure to perpetual bonds .
ET Bureau
Industry body Amfi on Friday said it fully supports the capital markets regulator Sebi s new rule, which puts a cap on mutual fund exposure to perpetual bonds. The industry body recognises that the risk profile of such instruments is higher than regular bonds. The Securities and Exchange Board of India (Sebi) came out with a circular on review of norms regarding investment in debt instruments with special features and the valuation of perpetual bonds on Wednesday.
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