Government allows direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC

La Excellence IAS Academy

January 25, 2024

No Comments

Array

Economic Development

GIFT city Direct Listing Indian Companies

Government allows direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC

Current Affairs Daily Articles & Editorials

La Excellence IAS Academy | January 25, 2024 | Economic Development

Syllabus: GS-III

Subject: Economic Development

Topic: Financial markets: Broad/Overlap

Issue: Listing of securities on International Exchanges.

Context: The Ministry of Finance has introduced a scheme allowing Indian companies to directly list their equity shares on international exchanges at GIFT-IFSC.

Synopsis:

Aims to boost foreign investment, and broaden the investor base.
It will enable unlisted public Indian companies to list their shares on permitted international exchanges.
Facilitated by SEBI and the Ministry of Corporate Affairs.

Take Away Notes (Prelims):

GIFT-City

GIFT City is India’s first operational International Financial Services Centre (IFSC) located in Gandhinagar, Gujarat.
It offers modern infrastructure, regulatory support, and tax incentives to attract domestic and international financial institutions.
Aims to connect India with global markets and promote economic growth through financial services and innovation.Top of Form

Source: Indian Express