IFSCA issues Regulations for Issuance and Listing of Securities in IFSC including by Special Purpose Acquisition Companies (SPACs)
The International Financial Services Centres Authority (“IFSCA”) has issued the IFSCA (Issuance and Listing of Securities) Regulations, 20211 (hereinafter referred to as “the Regulations”). The said Regulations govern issuance and listing of the following securities on a recognized stock exchange in IFSC:
i. Equity shares
ii. Convertible securities (including warrants and optionally or mandatorily convertible debt instruments and preference shares)
iii. Non-convertible debt securities (including non-convertible debentures and bonds)
