Finance Minister Nirmala Sitharaman Friday said the government has decided to enable listed and unlisted domestic companies to directly list their equity shares on the International Financial Services Centre (IFSC) at Ahmedabad. The decision will facilitate access to global capital and result in a better valuation of the Indian companies, she said at the launch of the Corporate Debt Market Development Fund (CDMDF) and AMC Repo Clearing Ltd (ARCL).
“I had said in May 2020 that direct listing of securities by Indian public companies would now be permissible in foreign jurisdictions. Now, I am pleased to announce that the government has taken a decision to enable the direct listing of listed and unlisted companies on the IFSC exchanges,” Sitharaman said.
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