Finance Minister Nirmala Sitharaman Friday said domestic companies would soon be allowed to directly list their securities on overseas exchanges in specified jurisdictions, expanding capital-access opportunities for businesses in India that is poised to dwarf Germany and Japan and become the worlds third-largest economy in a few years.
The stage-gate process will involve an initial listing on the International Financial Services Centre (IFSC) at the Gift City in Gandhinagar. Later, they will be permitted to list in seven or eight specified overseas jurisdictions.
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