Sebi revamp of short-selling and securities lending rules signals regulatory change for Indian markets.
Context
What happened: Sebi will revamp short-selling and securities lending and borrowing (SLB) rules as part of a broader effort to deepen the capital markets, Pandey said at an event.
Key numbers: Corporate bond outstanding value is around 61 lakh crore.
Why it matters: Sebi said it is fixing parallel clearing in tender offers, buybacks and offers for sale to improve capital efficiency and lower compliance burden.