<ul data-eligibleForWebStory="false"><li>GIFT City's NSE International Exchange aims to attract its first equity listing in a foreign currency this quarter, offering a new fundraising avenue for firms.</li><li>The initiative, situated in Gujarat International Finance Tec-City, targets unlisted companies initially, including Indian firms with foreign holdings or those based in Silicon Valley or Delaware.</li><li>The move highlights India's push to become a global financial hub like Dubai or Hong Kong, offering tax exemptions and regulatory benefits to attract international capital raising.</li><li>The foreign-currency listing in GIFT City could benefit Indian firms looking to expand globally by reducing currency conversion and hedging costs, showcasing the growing sophistication of India's capital markets.</li></ul>

GIFT City Exchange Set For First Foreign-Currency Listing

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