Economics · Financial Markets

Under SEBI's framework for fundraising through debt securities, a Large Corporate (LC) faces specific borrowing mandates. In this context, consider the following statements: 1. A Large Corporate is defined as one with outstanding long-term borrowings of ₹1000 crore or above and a credit rating of AA (or equivalent) and above. 2. At least 25% of its qualified incremental borrowings must be raised via debt securities over a contiguous block of three years. 3. Any shortfall in meeting the mandatory requirement will attract a financial disincentive in the form of an additional contribution to a monetary penalty/settlement pool. Which of the statements given above is/are correct?