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Sebi reluctant on allowing delay in repayment of NCDs and CPs

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MUMBAI : Market regulator Securities and Exchange Board of India (Sebi) is reluctant to offer a moratorium deal to nearly ₹1 lakh crore of commercial paper and bond repayments coming up in the first quarter of current fiscal by allowing them to extend their maturity, said two people aware of the matter.

Many of these issuers, facing repayment concerns and liquidity crisis due to the prolonged lockdown, have sought Sebi’s approval for rolling over the maturity of the papers as a relief measure.

Many state governments on Saturday announced that they are extending the lockdown beyond 14 April to contain the spread of covid-19.

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