IFSCA opens IPO‑free listing route in GIFT City, easing exits for startups
The International Financial Services Centres Authority released a consultation paper proposing a direct‑listing framework for equity and convertible securities in GIFT City. Companies can go public without an IPO, preserving shareholder stakes while giving founders, PE, VC and ESOP holders a liquid exit path. The move aims to revive listing activity after earlier IPO attempts faltered.