Sebi chief discusses IPO reforms, corporate bond market development with US investors

Mumbai: The Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi interacted with investors and other stakeholders from the US. Participants emphasised need for early finalisation of direct listing scheme, development of corporate bond markets and further reforms in initial public offer rules.

“We interacted with various stakeholders including the investors in the Indian capital markets from USA. We briefed them about the key developments of the Indian economy as well as the recent trends in the securities market, especially in this COVID era. The achievements of Indian primary markets, secondary markets and specific products such REITs and InvITs were brought out in the interactions. The attractiveness of the Indian markets despite the COVID impact and the recent surge in foreign investment into India through the FPI route was also emphasized,” Sebi chief Ajay Tyagi said in a statement.

“The increasing number of registrations of FPIs every year and increasing inflows of FPI investment in the Indian equity market signify the sustained interest of the foreign investors in the Indian capital markets. Considering that the largest number of FPIs & about one third of the total assets under custody of FPIs are from USA, the importance of US investments into India was emphasized especially taking into account the growing partnership between the two countries. “

Tyagi along with other Sebi officials had an e-interaction on October 27 with various stakeholders including industry and investor associations from US, which was organized by US India Strategic Partnership Forum.