In a move aimed at bolstering foreign investment inflows and offering growth avenues for Indian companies, the Government of India has approved the direct listing of securities by public Indian companies on the International Exchanges of the Gujarat International Finance Tec-City (GIFT IFSC). According to a press release by the Ministry of Finance, this initiative, announced by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on July 28 last year, is set to redefine the Indian capital market landscape.
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