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

Zephyr Infra Ltd, an Indian-promoted company incorporated in India, wants to raise capital by listing its equity shares on a stock exchange in GIFT IFSC. Under the IFSCA framework for listing of equity shares, which statement correctly describes where such a company may list?

An Indian-incorporated company can list its equity shares on a recognised IFSC stock exchange such as India INX or NSE IX. The IFSC framework is not restricted to foreign companies, so the claim that only foreign issuers or foreign venues qualify is incorrect.

  1. AIt may list its equity shares on a recognised stock exchange operating in the IFSC, such as India INX or NSE IXCorrect
  2. BIt may list only on a stock exchange in a foreign country and not in the IFSC
  3. CIt may list only on a domestic Indian exchange with IFSCA approval
  4. DIt cannot list in the IFSC since only foreign companies are eligible

Explanation

IFSCA permits companies, including Indian ones, to list equity shares on stock exchanges recognised in the IFSC, namely India INX and NSE IX. The other options wrongly restrict listing to foreign or domestic venues or to foreign companies.

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