NSE International Exchange (NSEIX) and FIDC have signed a strategic MoU to strengthen capital market access for NBFCs in GIFT IFSC. The partnership aims to enable NBFCs to raise funds through global debt and equity instruments on the NSEIX platform.
Author: Aditya Pareek | EQMint | Press release
NSE International Exchange (NSEIX), a wholly-owned subsidiary of the National Stock Exchange of India, and the Finance Industry Development Council (FIDC), a Self-Regulatory Organisation for Non-Banking Financial Companies (NBFCs) recognized by the RBI, today rang the bell to announce a strategic Memorandum of Understanding (MoU) to foster capital market growth for the NBFC sector in GIFT IFSC.
This collaboration aims to enhance Capital Market Access by facilitating NBFCs in raising funds through the NSEIX platform, enabling listing of NBFC-related debt and other financial instruments on NSEIX, an international multi-asset exchange in GIFT City. This partnership aims to provide access to innovative debt and equity products through the NSEIX platform at GIFT City, thereby supporting the perpetual funding requirements of NBFC institutions.
Shri V. Balasubramaniam MD & CEO NSE IX said, “NSEIX is delighted to partner in this strategic alliance with FIDC to enable seamless access to NBFC’s facilitate fundraising opportunities for NBFCs through GIFT IFSC. By leveraging our platform and FIDC’s deep connects we aim to provide new avenues for NBFCs and facilitate access to capital, enhanced liquidity, and supporting their expansion.”
Shri Mahesh Thakkar, Chairman, FIDC stated, “Today is the landmark day for NBFCs in India striving to raise Capital. Proving this platform through NSEIX and signing of MOU by FIDC with NSEIX will give NBFCs with global growth aspirations the Choice of Capital, Currency, Instruments, Structures and most importantly choice of long-term thinking and planning. NBFCs can now explore foreign currency borrowings with better tenor alignment, international bond issuances, structured debt instruments, access to global institutional investors, equity and quasi-equity options in the IFSC ecosystem. For NBFCs thinking about perpetual funding needs, this is significant. Because capital is not just money, capital is confidence”.
About NSEIX
NSEIX is an International multi assets exchange set up at GIFT City on June 5, 2017, and recognized by International Financial Services Centre Authority (IFSCA) (www.ifsca.gov.in). NSE International Exchange holds a dominant market share of over 99 %, highlighting extensive leadership in GIFT IFSC. NSEIX offers a diversified portfolio of products including Indian Single Stock Derivatives, Index Derivatives, Currency Derivatives, Depository Receipts and Global Stocks. The exchange provides a comprehensive range of primary market products including listing of Equity Shares, SPAC, REITs, InvITs, Depository Receipts, Debt Securities and ESG Debt Securities under the regulatory framework of IFSCA (Listing) Regulations, 2024. NSE IX and GIFT NIFTY has received part 30 exemption from the Commodity Futures Trading Commission (CFTC) under regulation 30.10 and SEC class relief under Sections 5, 6, 15, or 17A (SEC Act 1934) which enables US customers to participate in derivative contracts listed on NSEIX.
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