XED Executive Development has shifted the date for its initial public offering (IPO) to March 16, 2026, amid geopolitical uncertainties in the Gulf region. The IPO will now be concluded on March 24, 2026. The launch marks a significant milestone as it is the first IPO to be initiated from GIFT City, India’s International Financial…
Only “permissible holders” can buy or sell equity shares of Indian public companies listed on IFSC exchanges, said Ketaki Mehta, partner, GIFT City at Cyril Amarchand Mangaldas. “Importantly, a permissible holder cannot be a person resident in India. Consequently, resident Indians, whether individuals or companies, are prohibited from purchasing or selling such shares on IFSC…
How will you be able to buy expensive shares? A key feature of the Global Access platform is fractional trading. With this, investors can buy a partial share of expensive foreign shares instead of buying the entire share. For example, if Apple Inc. Apple’s stock is priced at $272 and the investor has $31, so…
GIFT City is set to launch its first IPO shortly, as XED Executive Development has submitted its Red Herring Prospectus to the Registrar of Companies after fulfilling the necessary regulatory requirements. The firm aims to raise $12 million through a dollar-based listing on international exchanges within India’s International Financial Services Centre, with the offering anticipated…
