Entry threshold for GIFT City listing cut to 10%
Business Standard|August 30, 2024
The finance ministry on Thursday issued a notification allowing companies to list on stock exchanges in GIFT City with a minimum of 10 per cent public shareholding, down from the previous requirement of 25 per cent for continued listing on stock exchanges in India and GIFT City.
RUCHIKA CHITRAVANSHI & KHUSHBOO TIWARI
Entry threshold for GIFT City listing cut to 10%

Experts believe these revised thresholds will enable Indian companies to access global capital and will be a step in cementing the country's position in the global financial landscape.

The Department of Economic Affairs (DEA) has amended the Securities Contracts Regulation Rules (SCRR), 1956, to ease listing requirements for Indian companies seeking to list on international exchanges within International Financial Services Centres (IFSCs), aligning them with global standards.

"The amendments in SCRR facilitate easier access to global capital for Indian start-ups and companies in the sunrise and technology sectors.

This story is from the August 30, 2024 edition of Business Standard.

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This story is from the August 30, 2024 edition of Business Standard.

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