Quick Summary
Government allows direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC Initiative to boost foreign investment flows, unlock growth opportunities and broaden the investor base for Indian companies In pursuance of the announcement on July 28, 2023 by Un
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FAQ :
The new regulation permits public Indian companies to directly list their equity shares on international exchanges based at GIFT IFSC.
The initiative aims to boost foreign investment, unlock growth opportunities for Indian companies, and broaden their investor base.
Currently, unlisted public Indian companies are allowed to list their shares on an international exchange at GIFT IFSC.
The international stock exchanges at GIFT-IFSC, namely India International Exchange and NSE International Exchange, are currently prescribed as permitted stock exchanges.
It offers an alternative avenue to access global capital, potentially leading to better valuations, and allows raising capital in foreign currency from global investors.
GIFT-IFSC is India's international financial services centre, designed to connect India with global opportunities and facilitate the flow of global capital into India.
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