The Chief of IFSCA has revealed that investment banks are lining up to establish themselves in GIFT City, which is being promoted as the top choice for the Global South. Indian companies with a global reach and Non-Resident Indians (NRIs) looking to list their businesses are likely to explore IPO opportunities at GIFT. Additionally, the trend of foreign currency-denominated listings is on the rise, with XED’s IPO being pushed back to November, showing the growing interest in this market.
As the preferred destination for the Global South, GIFT City is drawing significant interest from investment banks who see the potential for growth and opportunities within the international financial services sector. Indian firms that operate on a global scale are considering GIFT as a prime location for IPOs, while NRIs are exploring listing options for their businesses as well. The postponement of XED’s IPO to November indicates the momentum building around foreign currency-denominated listings, highlighting a growing trend in the market.
According to the IFSCA Chief, the influx of investment banks to GIFT City underscores the city’s appeal as a hub for financial services in the Global South. With Indian companies expanding internationally and NRIs looking to list their businesses, GIFT is poised to become a key player in facilitating IPOs for these entities. The delay in XED’s IPO until November reflects the increasing interest in foreign currency-denominated listings, indicating a shift towards diversification of listing options.
The IFSCA Chief’s comments about investment banks showing a strong interest in GIFT City reinforce the city’s status as a premier destination for financial services in the Global South. Indian firms with global operations are eyeing GIFT as a potential venue for their IPOs, while NRIs are also considering listing their businesses here. The rescheduling of XED’s IPO for November signals a growing appetite for foreign currency-denominated listings, suggesting a shift in market preferences.
The assertion by the IFSCA Chief regarding the eagerness of investment banks to establish a presence at GIFT City solidifies the city’s position as a leading financial hub in the Global South. Indian companies with international reach are evaluating GIFT as a prospective location for their IPOs, and NRIs are exploring opportunities to list their businesses in the city. The delay in XED’s IPO until November highlights the increasing popularity of foreign currency-denominated listings, indicating a shift in market dynamics.
With investment banks showing a keen interest in GIFT City, as highlighted by the IFSCA Chief, the city is poised to become a premier global financial hub in the Global South. Indian corporations with international operations are considering GIFT as a preferred destination for their IPOs, and NRIs are also looking at listing opportunities in the city. The postponement of XED’s IPO to November reflects the growing trend towards foreign currency-denominated listings, showcasing a changing landscape in the financial market.
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