INDIAN COMPANIES CAN NOW LIST ON INTERNATIONAL BOURSES IN GIFT CITY

Government on Wednesday allowed the Indian companies to list directly on international exchanges in GIFT City, paving the way for these entities to tap a wider pool of investors. The move, which was announced by finance minister Nirmala Sitharaman, required the government to notify the changes. Ministry of corporate affairs and department of economic affairs (DEA) have issued two sets of rules. "These, together, provide an overarching regulatory framework to enable public Indian companies to issue and list their shares in permitted international exchanges," the finance ministry said in a statement.

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