The Securities and Exchange Board of India (Sebi) is likely to ease valuation norms for perpetual bonds that was proposed by the regulator and was to come into effect from 1 April. The market regulator is planning to allow mutual funds to adopt a new accounting method for valuing perpetual bonds or Additional Tier 1 (AT1) bonds in their exposure books under various schemes, according to two people directly familiar with Sebi’s plans.
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