India: Listing Rules & Flotation

GIFT IFSC, India's first international financial services centre, continues its rapid evolution as a globally competitive financial hub under the unified regulation of IFSCA. Recent developments span critical regulatory frameworks for capital raising, aircraft leasing SPVs, cybersecurity mandates for market infrastructure, pension fund regulations, and landmark approvals including India's first foreign family office registration.

The Securities and Exchange Board of India has introduced a rather novel but somewhat contentious interpretation of Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The objective behind such tightening of the compliances was due to the leaking of selective information by the entities that to through media without informing the investors first.