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CS Professional · IFSCA - Regulations, Listing and Compliances · Listing and Issuance of Securities

Aarav Technologies Ltd, an Indian company, wants its equity shares to trade on a stock exchange located in GIFT IFSC so that overseas investors can buy them in foreign currency. Which of the following describes the stock exchanges in GIFT IFSC where such listing can take place?

Listing in GIFT IFSC takes place on stock exchanges recognised and regulated by IFSCA, namely India INX and NSE IX. These exchanges operate within the IFSC and trade securities in foreign currency, unlike the domestic Mumbai exchanges, which are regulated by SEBI.

  1. AOnly the Bombay Stock Exchange main board located in Mumbai
  2. BRecognised stock exchanges operating in the IFSC, such as India INX and NSE IX, regulated by IFSCACorrect
  3. CAny foreign stock exchange that has applied to SEBI
  4. DThe Reserve Bank of India's designated trading desk

Explanation

GIFT IFSC has stock exchanges recognised and regulated by IFSCA, namely India International Exchange (India INX) and NSE International Exchange (NSE IX). Listing there is governed by IFSCA regulations, not by the Mumbai main boards, foreign exchanges or the RBI.

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