Madhabi Puri Buch, the first female chairperson of Sebi, doesn t plan to rest on her laurels in her third and final year in office and has set out an ambitious goal, such as moving towards a same-day and instantaneous settlement cycle for the secondary market.
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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