India’s New Global Listing Route: How Companies Can List at GIFT IFSC Without an IPO | The GIFT IFSC Direct Listing Route Explained
India’s GIFT IFSC framework now enables eligible Indian public companies to list their shares on recognised international exchanges without undertaking a traditional IPO or raising fresh capital. This article explains the legal structure behind direct listings under Section 23(3) of the Companies Act, the LEAP Rules 2024, and the IFSCA Listing Regulations.