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BSE to auction investment limits for foreign investors

BSE

Leading bourse BSE will tomorrow auction investment limits for foreign investors to buy government debt securities worth Rs 7,396 crore.

It would include the increased investment cap announced by market regulator Sebi in October.

The auction will be conducted on BSE’s ebidxchange platform from 1530 hours to 1730 hours, after the close of market hours on Monday, January 4, the exchange said in a circular.

Total debt limits worth Rs 7,396 crore, including new limits, would be auctioned on the exchange platform.

The debt auction quota gives overseas investors the right to invest in bonds, up to the limit purchased.

During earlier auctions, government bonds have always been subscribed multiple times, given the huge interest among foreign investors, while the demand for corporate bonds remained subdued.

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