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NSEIX & FIDC Forge Alliance to Unlock Global Capital for Indian NBFCs

NSEIX, a subsidiary of the National Stock Exchange, has signed an MoU with the Finance Industry Development Council (FIDC) to improve non-banking financial companies' access to capital markets. The partnership will facilitate NBFC fundraising through the NSEIX platform at GIFT City, enabling listings of debt and other financial instruments. It aims to provide innovative debt and equity products to meet the long-term funding needs of NBFCs. The collaboration leverages NSEIX's exchange platform and FIDC's industry connections to open new avenues for capital and liquidity.

Key Points: NSEIX-FIDC MoU Boosts NBFC Capital Access in GIFT IFSC

  • Enhances NBFC capital market access
  • Facilitates fundraising in GIFT IFSC
  • Offers debt, equity & global investor products
  • Aims for perpetual funding solutions
2 min read

NSEIX, FIDC sign MoU to boost capital‑market access for NBFCs in GIFT IFSC

NSEIX partners with FIDC to help NBFCs raise funds via GIFT IFSC platform, offering debt, equity, and global investor access.

"capital is not just money, capital is confidence. - Mahesh Thakkar"

New Delhi, Jan 21

Wholly-owned subsidiary of the National Stock Exchange of India, NSEIX informed on Wednesday that it signed a memorandum of understanding with Finance Industry Development Council to help non‑banking financial companies raise capital in GIFT IFSC.

Finance Industry Development Council is a self-regulatory organisation for Non- Banking Financial Companies (NBFCs).

The collaboration will enhance capital market access by facilitating NBFCs in raising funds through the NSEIX platform and enable listing of NBFC‑related debt and other financial instruments on NSEIX, an international multi‑asset exchange in GIFT City, according to the official statement.

The 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, it added.

"NSEIX is delighted to partner in this strategic alliance with FIDC to enable seamless access to 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," V Balasubramaniam, MD and CEO NSEIX said.

"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," Mahesh Thakkar, Chairman, FIDC said.

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.

Thakkar said the platform is crucial for NBFCs thinking about perpetual funding needs, as "capital is not just money, capital is confidence."

NSEIX, located at GIFT City, was established on June 5, 2017, and is recognised by the International Financial Services Centres Authority. It claims a market share of over 99.7 per cent in GIFT IFSC.

NSEIX offers Indian single stock derivatives, index derivatives, currency derivatives, depository receipts, and global stocks to investors. The exchange also provides a comprehensive range of primary market products, including listings of equity shares, SPACs, REITs, InvITs, depository receipts, debt securities, and ESG debt securities.

- IANS

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Reader Comments

S
Sarah B
As someone working in fintech, this is significant. The "choice of capital" point is key. It allows NBFCs to structure their funding more strategically instead of relying solely on domestic banks. Should lead to more competitive loan products for end consumers.
P
Priyanka N
Hope this translates to better credit access for MSMEs and individuals in tier 2/3 cities. Many NBFCs serve these segments where traditional banks are hesitant. If they get cheaper, long-term funding, the benefits should trickle down. 🤞
R
Rahul R
Good initiative, but execution is everything. We've seen big MoUs before. The real test will be how many mid-sized NBFCs actually utilize this platform and whether the process is truly seamless. Regulatory clarity will be crucial.
A
Aman W
"Capital is confidence" – well said by Mr. Thakkar. This move signals confidence in Indian NBFCs from the global market. Attracting foreign investment into this sector is a big positive for the economy.
K
Kavya N
Interesting to see the focus on perpetual funding. This could help NBFCs involved in long-gestation infrastructure or green projects (ESG debt mentioned) which need patient capital. Aligns with national development goals.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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