A minimum price band of 5 per cent for public issues through book built process and sub-categorisation of non-institutional investors.
EGR is basically the instrument that represents gold and it will be considered as security.
According to the rule, a corporation aiming to reach public markets should only communicate the information contained in the draft offer document.
Experts say SEBI’s approval paves way for transparent price discovery, investment liquidity and ensuring quality of gold
In a board meeting, Sebi gave an approval to the latest framework for gold exchange. This was first announced in the Union budget 2018-19.
To determine thresholds for triggering swing pricing, AMFI will provide broad parameters that AMCs must follow
The Silver ETF is expected to work just like Gold ETF, where units can be created only after buying the underlying asset
The settlement norm would pose operational challenges to foreign investors who are in different time zones
The social stock exchange could generate funds for NGOs and gold exchange could lead to proper price discovery by investors.
Any recognised stock exchange, existing as well as new, can launch trading in electronic gold receipts in a separate segment