About NSE IFSC
NSE IFSC Limited (NSE IFSC) is a fully owned subsidiary company of National Stock Exchange of India Limited (NSE) and applied to the SEBI for in-principle approval to establish an international exchange in Gujarat International Finance Tech City - International Financial Service Centre.
GIFT city, which is a special economic zone, shall host India's first international financial services centre.
This proposed new exchange is intended to grow the financial market as well as expected to bring capital into India. Stock exchanges operating in the GIFT IFSC will be permitted to offer trading in securities in any currency other than the Indian rupee. Subject to SEBI approval, trading will be permitted in equity shares of companies incorporated outside of India, depository receipts, debt securities of eligible issuers, currency, index, interest rate and non-agriculture commodity derivatives and all categories of exchange traded products that are available for trading in stock exchanges in FATF/ IOSCO complaint jurisdiction.
NSE IFSC Limited would also be permitted to offer longer trading days than what stock exchanges are currently permitted to do in India.
NSE IFSC obtained Certificate of incorporation dated November 29, 2016 issued by the Registrar of Companies, Gujarat situated at Ahmedabad.