Key Points
India Wednesday decided to allow domestic public companies to issue and list their shares directly on a couple of global exchanges housed at the International Financial Services Centre (IFSC) in Gujarat's GIFT City, a deemed foreign jurisdiction...
The ministries of finance and corporate affairs notified the new regulatory framework, setting the stage for Indian startup unicorns and other entities, especially those in the sunrise and technology sectors, to have easier access to a larger pool of foreign capital, experts said.. Importantly, Indian residents can't undertake share transactions on the IFSC exchanges, which are meant for only foreign investors and non-resident Indians...
To start with, the framework allows unlisted public companies to list their shares on the stipulated bourses-India International Exchange and NSE International Exchange...
Capital markets regulator Sebi is in the process of floating operational guidelines that would enable listed Indian public companies to list directly on these bourses as well, according to a finance ministry statement...
As per the framework, government approval will be required for domestic companies with shareholders from neighbouring countries like China with which India shares the land border if they wish to list on the IFSC exchanges...
You might be interested in
India lets firms list on Modi's flagship finance hub to draw foreign capital
29, Jul, 23India has allowed its firms to list on exchanges registered in a new financial hub in the western state of Gujarat, Finance Minister Nirmala Sitharaman said on Friday, to give companies access to easier and cheaper foreign capital.
Indian companies can directly list in GIFT IFSC, says FM Nirmala Sitharaman
28, Jul, 23Says government’s vision for GIFT IFSC transcends the realm of traditional finance and ventures
MoU signed to develop mechanism for global hydrogen trading in GIFT City
16, Jan, 24Gandhinagar (Gujarat) [India], January 16 (ANI): The International Financial Services Centre (IFSC) at GIFT City has announced a strategic collaboration with the Indian Gas Exchange (IGX) and Gujarat State Petroleum Corporation (GSPC) to establish a Global Hydrogen Trading Mechanism. This initiative, set to be the second of its kind globally, places GIFT City at the […]
Govt allows direct listing of Indian cos on international exchanges of GIFT IFSC
24, Jan, 24New Delhi, Jan 24 (PTI) In a significant move, the government on Wednesday permitted the direct listing of securities by Indian companies on international exchanges of GIFT IFSC to boost foreign investments. The Department of Economic Affairs (DEA) in the Ministry of Finance has amended Foreign Exchange Management (Non-debt Instruments) Rules and notified the ‘Direct […]
Indian companies can now list directly on GIFT City’s international exchanges
24, Jan, 24Startups and companies in emerging sectors will be able to tap global markets to raise capital through the financial hub’s exchanges
Govt allows firms to list on GIFT IFSC to attract foreign flows
28, Jul, 23Public and privately held Indian firms can now list their shares on the International Financial Services Center at Gujarat International Fin-Tec City, Finance Minister Nirmala Sitharaman announced at a briefing Friday.
Foreign listings: The pros & cons for firms and investors
05, Nov, 23The government is expected to provide a list of jurisdictions where Indian firms will be allowed to list. IFSC in Gift City, Gandhinagar, is expected to be part of permitted jurisdictions for overseas listing
Role of FIIs in progressing the investment landscape of India
03, Jun, 23Indian government’s proactive measures to improve regulations, aid infrastructure creation and keep improving the ease of doing business will continue to make India an attractive destination for foreign capital.
Explained: Benefits of direct listing on GIFT IFSC Exchange
29, Jul, 23The Indian equity market boasts an impressive market cap of over US$ 3.8 trillion, with nearly all of it attributed to India-incorporated companies. In our article published in ET in 2022, we emphasized on encouraging foreign companies to list in India as their secondary listing destination and conversely Indian-promoted companies that are presently incorporated and listed exclusively outside India to opt for Indian exchanges as their secondary listing platform.
JPMorgan predicts foreign investors flocking to Indian stocks after LS elections: Report
20, Mar, 24Besides JPMorgan, Goldman Sachs Group had also predicted more foreign inflows as PM Narendra Modi is set to come back for a third term in 2024.