Reforms in IPO rules, development of corporoate bond market discussed with U.S. investors: SEBI

Early finalisation of the direct listing scheme, development of the corporate bond market, reforms in IPO norms and digitisation of processes among other issues were discussed between SEBI and investors from the U.S. SEBI chairman Ajay Tyagi, along with other officials of the capital markets regulator, had an e-interaction on Tuesday with various stakeholders including industry and investor associations from the U.S. The participants appreciated various initiatives taken by SEBI, especially with respect to direct listing proposal and creation of new products such as REITs and InvITs which have the potential to attract more foreign investment while benefiting domestic economy given its multiplier effect. “The participants emphasised the need for early finalisation of direct listing proposal; development of the corporate bond market; reforms in the IPO regulations; digitisation of processes; and showed interest in participating in innovative ideas under SEBI’s regulatory sandbox framework,” the regulator said. The increasing number of registrations of FPIs every year and rising inflows of FPI investment in the Indian equity market signify the sustained interest of foreign investors in the Indian capital markets.