India: Listing Rules & Flotation

On January 24, 2024, the Ministry of Finance ("MoF") in exercise of the powers conferred under Section 46(2)(aa) and Section 46(2)(ab) of the Foreign Exchange Management Act...

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.

Indian Energy Exchange Limited (IEX) made its debut on the stock market through an offer for sale by its existing shareholders.

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 rigid rules framed by Securities Exchange Board of India for listing the securities in the bourses have been relaxed.

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