IFSC

On Wednesday, the Indian government issued a notification allowing domestic public companies to list directly on global exchanges at the International Financial Services Centre (IFSC) in Gujarat's GIFT City. This was a long-standing demand by large Indian companies wanting to access foreign capital.Here’s a look into how this impacts Indian startups and investors.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIM LucknowIIML Executive…

The government on Wednesday permitted the direct listing of securities by Indian companies on international exchanges of GIFT IFSC to boost foreign investments. The Department of Economic Affairs (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 Ministry of Corporate Affairs (MCA) has issued Companies (Listing of Equity Shares in Permissible…