The Difference
There are some key differences between the SEC’s Rule 144A and the SEBI QIP Scheme such as the SEBI pricing guidelines and the US rule that a private placement under Rule 144 A must be a resale and not a direct issue by the issuer. In addition, the target audience of both regulations is different -while the impetus behind Rule 144A was to encourage non-US issuers to undertake US private placements, the impetus behind the SEBI QIP Scheme was to encourage domestic Indian issuers to undertake domestic Indian private placements. Nonetheless, the intention of both regulations is to encourage private placements in the domestic markets of the US and India, respectively
Read more about this topic: Qualified Institutional Placement
Famous quotes containing the word difference:
“To be honest, I knew that there was no difference between dying at their years old and dying at seventy because, naturally, in both cases, other men and women will live on, for thousands of years at that.... It was still I who was dying, whether it was today or twenty years from now.”
—Albert Camus (1913–1960)
“The difference between a photograph and even the most realistic painting—say, one of Courbet’s landscapes—is that in the latter there has been selection, emphasis and some discreet distortion. The painter’s deep instinctive feeling for mass and force has rearranged everything.”
—Gerald Branan (1894–1987)