Now, Indian cos can list on intl exchanges at Gift IFSC
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New Delhi: The central government on Wednesday permitted the direct listing of securities by Indian companies on international exchanges of GIFT IFSC to boost foreign investments. The DEA in the Ministry of Finance has amended Foreign Exchange Management (Non-debt Instruments) Rules and notified the Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme.
Also, the MCA has issued Companies (Listing of Equity Shares in Permissible Jurisdictions) Rules, 2024. On July 28, 2023, Finance Minister Nirmala Sitharaman made an announcement regarding the direct listing of Indian Companies at GIFT- IFSC exchanges in the first phase.
“These, together, provide an overarching regulatory framework to enable public Indian companies to issue and list their shares in permitted international exchanges,” the Fin Min said.
