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Arrangements for dematerialisation

Arrangements for dematerialisation :

• Prior to submitting the draft offer document with SEBI, the special purpose distinct entity shall enter into an arrangement with a registered depository for dematerialisation of the securitised debt instruments that are proposed to be issued to the public.

• The special purpose distinct entity shall give an option to the investors to receive the securitised debt instruments either in the physical form or in dematerialised form.

• The holders of dematerialised instruments shall have the same rights and liabilities as holders of physical instruments.

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