Hybrid Securities Advisory Committee (HySAC)

#	Members Details	Capacity
1	Mr. Suresh Goyal Ex-MD and CEO of the Investment Manager to NHAI owned InvIT (NHIT),	Chairman
2	Mr. Harsh Shah CEO, India Grid Trust	Member
3	Mr. Mathew George CFO, National Highways Infra Investment Managers Pvt Ltd	Member
4	Ms. Preeti Chheda CFO, Mindspace REIT	Member
5	Mr. Rahul Singh Director, IFS, Department of Economic Affairs	Member
6	Mr. Rahul Choudhary MD &CEO, Axis Trustee Services Ltd	Member
7	Mr. Anil Bamboli Fund Manager, HDFC Mutual Fund	Member
8	Mr. Devendra Singhvi CIO, Aditya Birla Sun Life Insurance (ABSLI)	Member
9	Mr. Ashok Kumar Sharma DMD & Chief Credit Officer & Chief Sustainability Officer, State Bank of India	Member
10	Mr. Vishnu Kumar Bansal Chairman, Morgan Stanley India	Member
11	Dr. Prashanta Das Associate Professor of Real Estate, IIM Ahmedabad	Member
12	Mr. Abhishek Agarwal Partner, SRBC & Co	Member
13	Mr. Gautam Mehra Partner, PWC	Member
14	Ms. Pratichi Mishra Partner, S&R Associates	Member
15	Mr. Nikhil Naredi Partner, Shardul Amarchand Mangaldas & Co	Member
16	Mr. Manpreet Singh Former U.T. Civil Services Officer, Former Vice-President, DLF and Former President, India Bulls Group	Member
17	Mr. Amit Kukreja Founder, Amit Kukreja Advisory	Member
18	Mr. N. S. Venkatesh CEO, Bharat InvIT Association (BIA)	Ex - Officio Members
19	Mr. Alok Aggarwal Chairperson, Indian REIT Association (IRA)	Ex - Officio Members
20	Ms. Maninder Cheema Executive Director, SEBI	Ex - Officio Members
21	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.