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:
“You and I both know that Twinkies don’t kill people.... The difference between cigarettes and Twinkies ... is death. The tobacco industry should know: When it comes to Twinkies, I’d rather fight than quit.”
—Henry Waxman (b. 1939)
“[Oliver North is a] document-shredding, Constitution-trashing, Commander in Chief-bashing, Congress-thrashing, uniform-shaming, Ayatollah-loving, arms-dealing, criminal-protecting, résumé-enhancing, Noriega-coddling, Social
Security-threatening, public school-denigrating, Swiss-banking-law-breaking, letter-faking, self-serving, election-losing, snake-oil salesman who can’t tell the difference between the truth and a lie.”
—Charles S. Robb (b. 1939)