At present, the framework allows unlisted public Indian companies to list their shares on an international exchange
Both INX and the Global Securities Markets (GSM) has listed medium-term notes worth over $55 billion and bonds to the tune of over $28 billion
IFSCA said that once entities are fully operational, they would play a key role in arranging credit for exporters and importers
IFSCA the regulatory regime at GIFT city is being benchmarked with global standards resulting in major traction from the financial services industry
Many countries are in the process of introducing SPAC regimes by making suitable amendments to securities and tax laws