SEBI relaxes rules for large corp borrowers

Sebi said it will increase the monetary threshold to define large corporate borrowers from the earlier lower limit of Rs.100 crore borrowing from banks. The new threshold limit will be notified soon. It also said that large corporates who use the debt market to replace bank loans will be incentivised. It will also do away with some of the penalty clauses for large corporate borrowers who do not meet the Sebi guidelines.