New Delhi, Jan 21 || Wholly-owned subsidiary of the National Stock Exchange of India, NSEIX informed on Wednesday that it signed a memorandum of understanding (MoU) with Finance Industry Development Council to help non‑banking financial companies raise capital in GIFT IFSC.
Finance Industry Development Council is a self-regulatory organisation for Non- Banking Financial Companies (NBFCs).
The collaboration will enhance capital market access by facilitating NBFCs in raising funds through the NSEIX platform and enable listing of NBFC‑related debt and other financial instruments on NSEIX, an international multi‑asset exchange in GIFT City, according to the official statement.
The partnership aims to provide access to innovative debt and equity products through the NSEIX platform at GIFT City, thereby supporting the perpetual funding requirements of NBFC institutions, it added.
“NSEIX is delighted to partner in this strategic alliance with FIDC to enable seamless access to facilitate fundraising opportunities for NBFCs through GIFT IFSC. By leveraging our platform and FIDC’s deep connects, we aim to provide new avenues for NBFCs and facilitate access to capital, enhanced liquidity, and supporting their expansion,” V Balasubramaniam, MD and CEO NSEIX said.