Finance ministry cuts minimum public float need for IFSC listing – Times of India

NEW DELHI: The finance ministry has reduced the minimum public float requirement to 10% from 25% in a bid to attract companies to list on stock exchanges at IFSC, Gandhinagar. GIFT City is India’s first IFSC under Special Economic Zone Act, 2005. The department of economic affairs has amended the Securities Contracts Regulation Rules, 1956 to ease the listing requirements for Indian companies seeking to list on international exchanges within IFSCs at par with global standards, an official statement said.