Hybrid Securities Advisory Committee (HySAC)

# Members Details Capacity
1 Mr. K V Kamath
Chairperson, National Bank for Financing Infrastructure and Development
Chairperson
2 Mr. Harsh Shah
CEO and Whole time director, India Grid Trust
Member
3 Mr. Tushar Kawedia
CFO, IRB Infrastructure Developers Limited
Member
4 Mr. Mathew George
CFO, National Highways Infra Investment Managers Pvt Ltd
Member
5 Ms. Preeti Chheda
CFO, Mindspace REIT
Member
6 Mr. Samarth Jagnani
Managing Director, Morgan Stanley
Member
7 Mr. Kranti Mohan
Partner, Cyril Amarchand Mangaldas
Member
8 Ms. Pratichi Mishra
Partner, S&R Associates
Member
9 Ms. Deepa Rath
MD & CEO, Axis Trustee Services Ltd
Member
10 Mr. Paul Alvares
Partner, E&Y
Member
11 Mr. Gautam Mehra
Partner, PWC
Member
12 Ms. Monika Halan
Author and Financial Educator
Member
13 Mr. Gopikrishnan M S
Finance Professional,
Member
14 Mr. Pramod Rao
Executive Director, SEBI
Member
15 Mr. Debashis Bandyopadhyay
Chief General Manager, SEBI
Member Secretary

Terms of reference of the Committee:


Terms of reference of the Committee:
a. To advise SEBI on issues related to development and regulation of primary and secondary markets of Hybrid Securities in India.
b. To make recommendations for giving a fillip to the growth of Hybrid Securities including measures focusing on ease of issuance of such instruments and attracting
domestic and global capital.
c. To identify use case scenarios of Hybrid Securities in the context of the infrastructure financing needs of the Indian economy and make recommendations for developing
instruments to meet the needs of the infrastructure sector.
d. To make recommendations to facilitate greater retail participation in Hybrid Securities while ensuring protection of interest of investors.
e. To make recommendations for developing engagements with various stakeholders including creating more awareness about Hybrid Securities amongst investors.
f. To make recommendations on infrastructure financing through capital markets.
g. To advise SEBI on any other incidental matters as considered appropriate.