CONDITIONS FOR PRIVATE PLACEMENT :

1. An issuer may list its debt securities issued on private placement basis on a recognized stock exchange subject to the following conditions:

– In compliance with the provisions of the Companies Act, 2013, rules prescribed there under and other applicable laws.

– Credit rating has been obtained from at least one credit rating agency registered with SEBI.

– Should be in dematerialized form.

– The disclosures as provided in these regulation have been made.

– Where application is made to more than one recognised stock exchange, the issuer shall choose one of them as the designated stock exchange

2. The issuer shall comply with conditions of listing of such debt securities as specified in the Listing Agreement with the stock exchange where such debt securities are sought to be listed.

3. The issuer making a private placement of debt securities and seeking listing thereof on a recognised stock exchange shall make disclosures in a disclosure document as specified in Schedule I of these regulations accompanied by the latest Annual Report of the issuer.

3. The designated stock exchange shall collect a regulatory fee from the issuer at the time of listing of debt securities issued on private placement basis.