Leading stock exchange BSE will auction investment limits on Wednesday (26 July) for foreign investors to purchase corporate bond securities worth over Rs 7,400 crore.
The auction will be conducted on BSE's ebidxchange platform from 1530 hours to 1730 hours, after the close of market hours, the exchange said in a circular on July 25.
The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased. A mock bidding session will be conducted between 1130 hours and 1300 hours to check the system's performance, BSE said.
"Live bidding session for allocation of debt investment limits (of Rs 7,418 crore) for FII/FPI/sub-accounts shall be conducted on July 26, 2017 on exchange's 'ebidxchange' platform," it said.
The exchange is on July 25 auctioning investment limits for foreign investors to purchase government debt securities to the tune of Rs 10,922 crore.