Nagashayana is a partner in the capital markets practice group in the Bengaluru office. He has advised issuers and investment banks (both domestic and global) in a wide range of securities offerings and capital markets transactions, including IPOs, qualified institutions placements, domestic and overseas debt issuances, private placement of securities, takeovers, block trades and international listings.
Sathvik Ponnappa is a Partner in the Capital Markets practice group. He has advised issuer companies and investment banks in a wide range of securities offerings and capital markets transactions, including initial public offerings, qualified institutions placements, rights issues, preferential allotment of securities, and block trades.
The International Financial Services Centre (IFSC) at the Gujarat International Finance Tec-City City is India’s first international financial centre. The objective of the IFSC, which has been created through the Special Economic Zones Act, 2005, is amongst others, to onshore the offshore, i.e. to undertake those India related financial activities in IFSC, which are currently carried out outside of India.
While the SEBI (Real Estate Investment Trusts) Regulations, 2014 (REIT Regulations) and SEBI (Infrastructure Investment Trusts) Regulations, 2014 (InvIT Regulations) prescribed certain corporate governance requirements such as independence of atleast half of the board of directors of the investment manager of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs, together with InvITs, referred to as the Trusts), etc., there was a lacuna in the
The Securities and Exchange Board of India (SEBI), through its circular dated 10 January 2023, has notified the ‘Comprehensive Framework on Offer for Sale (OFS) of Shares through Stock Exchange Mechanism’ (Circular), which modifies the earlier set of guidelines originally introduced on 18 July 2012. The said guidelines have been modified from time to time with the last significant updates made in December 2018.
The Securities and Exchange Board of India (SEBI) has amended the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations) through its notification SEBI/LAD-NRO/GN/2022/107 dated 21 November 2022 (Amendment), pursuant to which, SEBI has inter alia introduced mandatory disclosure of key performance indicators and filing of offer documents with SEBI head office. The Amendment is pursuant to the SEBI’s discussion in its board meeting, described in our KCO Ergo Newsflash dated 14 October 2022 which is accessible here.
