Government lowers entry barrier for GIFT City listing

Chandigarh/New Delhi, Aug 29 The Finance Ministry on Thursday issued a notification allowing companies to list on international exchanges within GIFT-International Financial Service Centres, with minimum 10% public shareholding. The previous norm was of at least 25% public shareholding. The...

Tribune News Service

Updated At : 10:34 AM Aug 30, 2024 IST

Chandigarh/New Delhi, Aug 29

The Finance Ministry on Thursday issued a notification allowing companies to list on international exchanges within GIFT-International Financial Service Centres, with minimum 10% public shareholding.

The previous norm was of at least 25% public shareholding. The revised threshold will allow Indian companies to access global capital.

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