The Union government has allowed the direct listing of equity shares of companies incorporated in India on the International Exchanges Scheme, to allow access to global capital, and foreign investments and enable better valuation of Indian companies in line with global standards.
Public Indian companies, listed or unlisted, can now list their stocks on the BSE India International Exchange and NSE International Exchange at the Gujarat International Finance Tec-City under the framework, according to the notification by the Ministry of Finance issued on Wednesday.
Currently, the framework allows unlisted public Indian companies to list shares on an international exchange. The Securities and Exchange Board of India is in the process of issuing the operational guidelines for listed public Indian companies, as per the FAQs released by the Finance Ministry on the Direct Listing Scheme.