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Expecting direct listing of firms in GIFT City by April: Ifsca
Business Standard
|December 07, 2023
The International Financial Services Centres Authority (Ifsca) is expecting notifications from the finance ministry and certain amendments from other regulators to facilitate direct listing of Indian companies on the exchanges operating out of the Gujarat International Financial Tech (GIFT) City.
Ifsca chairperson K Rajaraman indicated a timeline of April 2024 for domestic companies to start the listing process at the IFSC. "We are trying to initiate it in a few months. Some rules to be notified from the finance ministry are expected. Similarly, RBI (Reserve Bank of India) may issue some rules on overseas investment regulations. Sebi too will need to amend norms to allow already listed
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