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Corporate Laws Central Ministry of Finance International Financial Services Centres Authority Act, 2019

Framework for preferential issues and qualified institutions placement under the International Financial Services Centres Authority (Listing) Regulations, 2024

22-Apr-2026 | F. No. IFSCA-PLNP/16/2024-Capital Markets

IFSCA has issued a framework for Preferential Issues and QIP under the Listing Regulations, 2024. Key highlights are as follows: 1. Applies to entities listed solely on IFSC exchanges; prescribes conditions for preferential issue and QIP of securities. 2. Preferential issue private placement to select persons; QIP issue to qualified institutional buyers, including offer for sale. 3. Eligibility norms include no share transfers in the last 30 days, no outstanding dues, and requisite approvals. 4. Convertible securities tenure capped at 18 months (preferential) and 60 months (QIP) 5. Payment: full consideration at allotment (except warrants), with 25% upfront and forfeiture on non-exercise. 6. Mandatory disclosures include pricing, objects, shareholding pattern, beneficial ownership, and change in control. 7. Preferential shares to promoters/controlling shareholders locked in for 6 months For more details, kindly refer to the attached PDF.

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