Business · India Bureau
Dual-listing framework for GIFT City firms takes shape with regulator talks
India's financial regulators are working with market participants to establish rules enabling Indian companies to list simultaneously on domestic and international exchanges at GIFT City. The framework addresses listing norms, public shareholding requirements, tax treatment, currency operations and market surveillance.
LSN India ·
The Securities and Exchange Board of India (Sebi) and the International Financial Services Centres Authority (IFSCA) are engaged in extensive consultations with stakeholders to finalize guidelines for dual-listing of Indian companies at GIFT City in Gujarat.
The regulatory initiative aims to streamline the process for Indian enterprises seeking to access global capital markets while maintaining a presence on domestic bourses. Officials are examining multiple technical and operational aspects including listing requirements, minimum public float thresholds, and taxation treatment for companies pursuing this dual-listing route.
Currency management and cross-border transaction protocols are also under review, alongside surveillance mechanisms to ensure investor protection across both listing venues. The regulators are coordinating with exchanges, market participants, and legal experts to develop a comprehensive framework that balances regulatory rigor with operational efficiency.
GIFT City, positioned as a hub for international financial services, has emerged as a strategic venue for Indian companies seeking to deepen their global market footprint. The dual-listing framework is expected to enhance India's attractiveness as a financial destination while providing firms with greater flexibility in capital raising strategies.
Once finalized, the guidelines are anticipated to facilitate faster market entry for eligible companies and reduce administrative friction associated with simultaneous listings across multiple jurisdictions.