To deepen the bond markets, the regulator Securities and Exchange Board of India (Sebi) today proposed a uniform methodology to determine pricing of non-traded and thinly traded non-convertible debt securities.
The requirement of such a framework also assumes significance as a large number of investors belong to categories such as mutual funds, insurance companies and pension funds, which have a mandate of daily net asset value (NAV) with an exit facility at any point of time for thei ..
