Tag: GIFT City

NEW DELHI: Finance minister Nirmala Sitharaman on Monday said that the government is currently focusing on listing Indian companies in Gift City before looking at allowing them to list directly overseas.Her comments came after British chancellor of exchequer Jeremy Hunt talked about "the first confirmation by India that it will explore the London Stock Exchange as an international destination for the direct listing of Indian companies".While direct overseas listing by Indian companies is now permitted under the Companies Act, the government has not operationalised the plan and only...