The Union Government has cleared the path for allowing Indian companies to list securities directly at Gujarat International Finance Tec-city International Financial Services Centre (GIFT IFSC) with a minimum 10 per cent public float.
The subsidiary was officially incorporated on May 7 after the approval of the RBI which came through in February this year.
Maharatna Central Public Sector Enterprise REC Limited will set up a wholly owned subsidiary in International Financial Services Centre (IFSC), Gujarat International Finance Tec-City (GIFT), Gandhinagar, Gujarat.
The Union government has allowed direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC.
Finance Minister Nirmala Sitharaman will visit Gandhinagar on Saturday to attend the joint finance and health ministerial G20 meeting. It…
The platforms provide an efficient international listing process to issuers with minimum turnaround time and investment opportunities for investors from across the world.
Government had in September 2020 amended Section 115AD of Income Tax Act to accord a concessional income tax rate of 10 per cent.
Many sporting events across the world have been either postponed or cancelled in the wake of the coronavirus outbreak which has claimed over 2.6 lakh lives thus far.
