The Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme was notified on 24th January, 2024 under the provisions of the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019, with the objective of enabling public companies incorporated in India to access global capital markets through the direct listing of their equity shares on designated international stock exchanges in permissible jurisdictions.
The Scheme establishes a regulatory framework to facilitate such listings and forms an integral part of the broader policy initiative aimed at enhancing the global competitiveness of Indian companies. It seeks to provide an alternative channel for capital mobilisation by enabling Indian companies to access global capital markets, achieve improved valuations, broaden their investor base, and strengthen their global footprint. The initiative is also expected to contribute to the development of the financial ecosystem and reinforce India’s position as a significant participant in the international financial architecture.
