 "Gift city")
To promote direct listing in Gujarat International Finance Tec-City (GIFT City), several market participants have recommended to the International Financial Services Centres Authority (IFSCA) and the government that domestic mutual funds (MFs) be allowed to invest in companies pursuing this route, sources said.
According to people familiar with the developments, the Association of Mutual Funds in India (Amfi) and the Indian Venture and Alternate Capital Association (IVCA), an industry body representing alternative investment funds, have put forward these suggestions.
On August 30, the IFSCA issued final regulations detailing the eligibility conditions and norms for direct listing on the exchanges in
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