Mumbai, Nov 23 (IANS) Stock exchange major BSE on Thursday said it will auction debt investment limits to enable foreign investors to purchase corporate bonds worth Rs 8,314 crore.
The auction shall be conducted on November 24 on its "ebidxchange" platform post market hours from 3.30 p.m. to 5.30 p.m., BSE said in a circular.
Live bidding session for allocation of debt investment limits for FII (foreign institutional investors), FPI (foreign portfolio investors) or sub accounts shall be conducted on November 24 on exchange's "ebidxchange" platform, the circular said.
BSE said it will conduct a mock bidding session on Thursday after the close of market hours from 3.30 p.m. to 5.30 p.m.
The debt auction quota gives FPIs the right to invest in the debt up to the limit purchased.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.