India: Listing Rules & Flotation

As a significant step towards permitting Indian companies to list their equity shares on foreign exchanges, the Finance Minister, in July 2023, announced the Government's decision...

The International Financial Services Centre (IFSC) at the Gujarat International Finance Tec-City City is India's first international financial centre.

Post the notification of Section 5 of the Companies (Amendment) Act, 2020, with effect from October 30, 2023, the Government has now notified the related foreign exchange laws for enabling direct listing outside India.

Securities and Exchange Board of India (SEBI) in its meeting today has taken decisions that will make M&A and private investment in public equity (PIPE) transactions easier.

Many ELCs were unable to list their equity shares on the Nation-wide Stock Exchanges (NWSEs) as their paid up capital was less than minimum capital required for listing on the NWSEs.

The world has grown smaller, given the access to each other's market and holding our pen pals in our hands!

SEBI has allowed SMEs to list their specified securities on the new Institutional Trading Platform ("ITP") of a recognised stock exchange without an IPO.

100% Foreign Direct Investment (FDI) under the automatic route is permitted in townships, housing, built-up infrastructure and construction-development projects to create employment opportunities, generate economic activity and supplement available housing stock and built-up infrastructure, circumscribed by certain limitations in respect of the minimum area required to be developed in the case of serviced housing plots and construction development projects and capitalization for FDI by wholly ow

The Ministry of Finance ("MOF") has by a recent notification further liberalized the Scheme for Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism), 1993 ("Scheme") by permitting unlisted Indian companies, like those engaged in real estate business, to sponsor an issue of American Depository Receipts (ADRs)/ Global Depository Receipts (GDRs) with an overseas depository against shares held by its shareholders