Jagdish Pulpati

India International Depository IFSC Ltd. (IIDI) operates as a unified depository in the International Financial Services Centre (IFSC) at Gujarat International Financial Tec City (GIFT City). IIDI is a foreign depository and caters to a global audience of investors. IIDI operates under the regulatory oversight of International Financial Services Centres Authority (IFSCA) All investors who are eligible / allowed to hold and transact in securities in the IFSC space are identified as Eligible investors. Both Indian resident individuals (under LRS scheme limitations) and foreign entities and non-resident Indians (NRIs) are identified as Eligible investors. In addition to be registered as an FPI (Foreign portfolio investor) a foreign entity can also be a Eligible Foreign investor (EFI) and stay invested in IFSC. An investor will able to hold eligible securities viz. Equity shares of a company incorporated outside India; Depository receipt(s); Debt securities issued by eligible issuers and any other type of security as permitted / allowed by IFSCA.