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    Direct listing on GIFT City could open Pandora's box for Indian exchanges

    The advantages of trading in GIFT City are simple, all trades are dollar-denominated. Thus foreign investors would not have to incur the extra cost of converting their currency and hedging it.

    Shishir Asthana
    August 01, 2023 / 09:42 AM IST
    Direct listing on GIFT City could open Pandora's box for Indian exchanges

    Highlights India companies are allowed to list their shares directly on foreign exchanges at the IFSC in GIFT City in Gujarat Presently, Indian companies list in overseas markets through ADR and GDR routes The GIFT IFSC in Gujarat has picked up momentum among private equity investors  The success of GIFT City can have a long-term impact on Indian exchanges   After a long wait, Indian companies can now directly raise money from global investors and get listed on foreign exchanges. In a recent move, Finance...

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