Stock market majors launch electronic book mechanism

BSE and the National Stock Exchange of India (NSE) -- on Friday launched the electronic book mechanism (EBM) for issuance of debt securities on private placement. The BSE launched its "BSE BOND" for issuance of debt securities on private placement basis. "The first placement of bond through BSE BOND was raised by HDB Financial Services Limited with an issue size of Rs 100 crore, which was fully subscribed," the BSE said in a statement.