Agencies / Updated: Aug 30, 2024, 07:10 IST
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The finance ministry has adjusted the minimum public float requirement from 25% to 10% to attract companies to list on stock exchanges at IFSC, Gandhinagar. This policy change is intended to match global standards, easing the listing requirements for Indian companies seeking to list on international exchanges within IFSCs, based on an official statement.
NEW DELHI: The
finance ministry
has reduced the minimum
public float
requirement to 10% from 25% in a bid to attract companies to list on
stock exchanges
at IFSC, Gandhinagar. GIFT City is India’s first IFSC under Special Economic Zone Act, 2005. The department of economic affairs has amended the Securities Contracts Regulation Rules, 1956 to ease the listing requirements for Indian companies seeking to list on international exchanges within IFSCs at par with global standards, an official statement said.
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