As for the companies, he added that e-commerce and new-age technology companies or the foreign-based entities with significant business in India would be the ones who would consider direct listing at Gift city. The moves is expected to ease the return of unicorns like Razorpay, Zepto and Meesho to India, as well as help them tap into the growing stock market in India.
The government had allowed domestic companies to directly list their securities on overseas exchanges in specified jurisdictions, expanding capital- access opportunities for businesses in India. Initially, it would allow listing on the International Financial Services Centre (IFSC) and later on companies would be permitted to list in seven or eight specified overseas jurisdictions.
Indian companies can list both in INR and Dollar
“Our agenda for 2047 is not that Indian companies remain in India, but Indian companies becoming global champions,” Rajaraman said. The IFSCA chairman further added that if Indian companies have to become global champions, the regulators need to provide them with all types of capital – dollar or rupees.
“It depends on the company, if they want to deal in INR, they can list in India, but if they want to deal in a Dollar or a Euro market, they can list in GIFT City,” he said.
GIFT City IFSC is also said to be preparing the ground for the maiden issue of Sovereign Green Bonds by govt of India.
Kareena Kapoor is working with Raazi director Meghna Gulzar for her next film. The project,…
2024-11-09 15:00:03 WEST LAFAYETTE -- Daniel Jacobsen's second game in Purdue basketball's starting lineup lasted…
2024-11-09 14:50:03 Rashida Jones is remembering her late father, famed music producer Quincy Jones, in…
2024-11-09 14:40:03 A silent German expressionist film about vampires accompanied by Radiohead’s music — what…
Let's face it - life can be downright stressful! With everything moving at breakneck speed,…
Apple’s redesigned Mac Mini M4 has ditched the previous M2 machine’s SSD that was soldered…