DIRECT OVERSEAS LISTING TO FOLLOW, SAYS FM
FINANCE MINISTER NIRMALA Sitharaman on Friday announced that Indian companies - both listed and unlisted-will soon be allowed to list abroad via IFSC.
Speaking at the launch of the Corporate Debt Market Development Fund (CDMDF) and the AMC Repo Clearing, Sitharaman said: "I had said in May 2020 that direct listing of securities by Indian public companies would now be permissible in foreign jurisdictions. I am pleased to announce the government has taken a decision to enable direct listing of listed and unlisted companies on the IFSC exchanges," Sitharaman said.
This, she said, will be operationalised shortly, enabling start-ups and companies of like nature to access global markets through the GIFT IFSC. The GIFT Nifty derivatives on the NSE International Exchange had, on July 25,registered a record single-day trading activity of above 314,900 contracts, raking in a turnover of $12.39 billion.
Bu hikaye Financial Express Mumbai dergisinin July 29, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin July 29, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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