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International exchange at GIFT city to start trading from Monday

With this, India has found a new place on the global financial map

Press Trust of India  |  Gandhinagar 

Prime Minister Narendra Modi with Gujarat CM Vijay Rupani and MoS Arjunram Meghwal at the inaugural function of BSE INDIAINX (India International Exchange) in Gandhinagar
Prime Minister Narendra Modi with Gujarat CM Vijay Rupani and MoS Arjunram Meghwal at the inaugural function of BSE INDIAINX (India International Exchange) in Gandhinagar (Photo: Yasin D)

Trading on the new India at will begin from Monday in equity, currency and derivatives to start with, a top company official said.

Through the new international exchange, country's oldest bourse will look to provide electronic trading platform that will facilitate domestic firms to raise capital in foreign currency by issuing foreign currency dominated bonds.

"First we will start with equity, currency, commodities and derivatives to begin with. In the second phase, we plan to use this platform to raise funds, including Masala bonds, FCCBs or equities for Indian companies,"  the official said. He also added that 

Prime Minister had earlier this week inaugurated India's first international exchange-India INX at the International Financial Services Centre (IFSC) in International Financial Tech City (GIFT) here.

With this, India has found a new place on the global financial map.

The exchange, which is a wholly-owned subsidiary of BSE. will be investing around Rs 500 crore in the international exchange, according to the MoU it has signed with the government.

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International exchange at GIFT city to start trading from Monday

With this, India has found a new place on the global financial map

With this, India has found a new place on the global financial map
Trading on the new India at will begin from Monday in equity, currency and derivatives to start with, a top company official said.

Through the new international exchange, country's oldest bourse will look to provide electronic trading platform that will facilitate domestic firms to raise capital in foreign currency by issuing foreign currency dominated bonds.

"First we will start with equity, currency, commodities and derivatives to begin with. In the second phase, we plan to use this platform to raise funds, including Masala bonds, FCCBs or equities for Indian companies,"  the official said. He also added that 

Prime Minister had earlier this week inaugurated India's first international exchange-India INX at the International Financial Services Centre (IFSC) in International Financial Tech City (GIFT) here.

With this, India has found a new place on the global financial map.

The exchange, which is a wholly-owned subsidiary of BSE. will be investing around Rs 500 crore in the international exchange, according to the MoU it has signed with the government.
image
Business Standard
177 22

International exchange at GIFT city to start trading from Monday

With this, India has found a new place on the global financial map

Trading on the new India at will begin from Monday in equity, currency and derivatives to start with, a top company official said.

Through the new international exchange, country's oldest bourse will look to provide electronic trading platform that will facilitate domestic firms to raise capital in foreign currency by issuing foreign currency dominated bonds.

"First we will start with equity, currency, commodities and derivatives to begin with. In the second phase, we plan to use this platform to raise funds, including Masala bonds, FCCBs or equities for Indian companies,"  the official said. He also added that 

Prime Minister had earlier this week inaugurated India's first international exchange-India INX at the International Financial Services Centre (IFSC) in International Financial Tech City (GIFT) here.

With this, India has found a new place on the global financial map.

The exchange, which is a wholly-owned subsidiary of BSE. will be investing around Rs 500 crore in the international exchange, according to the MoU it has signed with the government.

image
Business Standard
177 22