At its board meeting dated April 30, 2024, the Securities and Exchange Board of India (SEBI) made several amendments to various SEBI regulations. The most significant change was the approval of a reduction in the face value of privately placed debt securities and non-convertible redeemable preference shares to INR 10,000. In its bid to augment market liquidity and diversify the investor base, the SEBI, by way of its circular dated 3 July 2024 (Circular) has amended Chapter V of the Master…