<p style="margin: 0px; text-align: justify;">The Government has allowed direct listing of securities by public Indian companies on International Exchanges of Gujarat International Finance Tech-City International Financial Services Centre (GIFT IFSC). The Department of Economic Affairs under the Ministry of Finance and Ministry of Corporate Affairs have issued a notification in this regard allowing public Indian company to issue equity shares on International Exchange. According to the Ministry of Finance, this step will boost foreign investment flows, unlock growth opportunities and broaden the investor base for Indian companies. The Ministry said, this policy initiative will enable start-ups and companies engaged in technology sectors, an alternative avenue to access global capital beyond the domestic exchanges. The Ministry said, the public Indian companies will have the flexibility to access both domestic market for raising capital in domestic currency and the international market at IFSC for raising capital in foreign currency from the global investors.</p>
News On AIR | January 24, 2024 7:31 PM | International Exchanges of GIFT IFSC
Govt allows direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC