GIFT (Gujarat International Finance Tec–City)GIFT city has been established as an initiative to make a world-class city of financial value and importance and to contribute as an essential growth engine in continuing India’s growth story forward and achieving the dream of becoming an economically sustainable developed nation. The Government of Gujarat formed Gujarat International Finance Tec–City Company Limited (GIFTCL) to develop and maintain GIFT City through its venture Gujarat Urban Development Company Limited (GUDCL).GIFT City IFSC listing of unlisted companies in India will be a game-changer move.
GIFT CITY IFSC LISTING OF UNLISTED COMPANIES IN INDIA
GIFT City has India’s first-ever International Financial Services Centre (IFSC). It has been developed as a hub for providing all the financial services under one roof. Efficient allocation of capital has always been a priority taking this under view, The corporations in today’s era are no longer looking at self-funding or bank loans to finance growth. Corporations are willing to acquire funds from equity and debt markets to invest in their projects. Resulting in a huge demand for a wide range of capital market products and services. Stimulating various tax benefits Gift City offers a unique platform to provide capital markets services and products to its rapidly increasing client base across the world. GIFT City is the market gateway to high-net-worth individuals and institutional investors searching for equity, commodities, and currency derivative markets.
And as the Chairman of the GIFT City IFSC said the Indian listed and Unlisted companies will be entitled to get direct listing on the GIFT IFSC in the next 3 to 4 months which will be a game changer. The government of India has also figured out guidelines for the direct listing of companies for this major economic reform in the Indian financial sector.
This step will enable startups and unlisted companies to acquire funds across the globe. Indian companies can now list on the financial hub’s India International Exchange and NSE International Exchange at Gandhinagar in Gujarat. This policy framework will provide a path for the listing of Indian companies in GIFT IFSC will reshape the Indian capital market landscape and offer Indian companies in the startups and companies in the Technology and sunrise sector an alternative source to raise capital across the globe going beyond the domestic exchanges.
This move is expected to lead to a better valuation of Indian companies aligning with global standards of scale and performance further boosting foreign investment flows unlocking growth opportunities in the unlisted market and broadening the investor base.