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Time of India
a day ago
- Business
- Time of India
Edtech working with Ivy League universities first to file for Gujarat's GIFT City IPO
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel XED has filed its Draft Red Herring Prospectus (DRHP) ahead of a proposed IPO to be listed on the NSE International Exchange at GIFT City. The company is a global executive education platform that partners with Ivy League and other world-renowned universities to bring cutting-edge leadership programs to senior business DRHP filing positions XED, a world leader in executive education, to become the first Indian company to pursue an IPO via GIFT City - a move designed to attract global investors aligned with its vision of creating a cross-border category leader in executive Read | Jio Financial Services & Reliance Industries among stocks bought and sold by PPFAS Mutual Fund in July With international capital access, regulatory flexibility, and a maturing investor base, GIFT City is increasingly becoming the preferred launchpad for Indian companies seeking strategic global proposed listing marks a significant milestone for the executive education sector - both for India and globally - signaling growing investor interest in outcomes-focused, cross-border learning ecosystems designed for the C-suite, according to a press upcoming IPO aligns with its next phase of growth - scaling its partnerships, deepening global faculty access, and expanding into newer executive verticals such as sustainability, AI governance, board leadership, and digital partnerships, including the Oxford General Management Program, Cornell Chief AI Officer Program, University of Virginia Darden CEO Program, the Oxford Senior Executive Leadership Programme, and the Carnegie Mellon Supply Chain Leadership Program, illustrate XED's stronghold in boardroom-relevant learning designed to solve enterprise-scale challenges.'This IPO isn't just a capital event - it's a strategic inflection point for the entire executive education space. We're building a category where deep learning, global faculty access, individual learning goals and enterprise context intersect. The DRHP filing is just the beginning,' said John Kallelil, Founder & CEO, XED Executive Development."Our forthcoming listing on India INX is a testament to our commitment to growth and innovation. We're confident that this milestone will enable us to access new capital streams and further establish our presence in the global market." said Piyush Agrawal, Co-founder & CTO, XED Executive fresh issue and offer for sale, promoters John Kallelil John and Meenu John are selling stake. The book running lead manager is Global Horizons and registrar of the offer is KFin Technologies Over the last 10 years, XED has worked with over 20 of the world's most respected academic institutions to deliver executive learning programs that are high-touch, immersive, and tailored for CXOs and senior business leaders across industries. Its portfolio includes deep engagements with institutions such as Cornell University, University of Oxford, University of Michigan Ross School of Business, Indian School of Business, University of Virginia Darden School of Business, and Carnegie Mellon University among Read | 7 equity mutual funds multiply lumpsum investments by over 2x in 3 years Unlike conventional online learning players, XED's approach combines global academic rigour with on-ground execution in key international markets - creating a unique model that goes beyond certifications. From AI leadership to strategic transformation, each program is designed with direct inputs from academia, industry, and boardroom-level insight, the release saidXED serves a rapidly growing global market of senior executives seeking contextual, future-forward learning to stay competitive in an increasingly uncertain world. Programs are currently delivered for participants across India, Africa, Europe, the GCC, Far East, and USA, with an expanding footprint of in-person, hybrid, and application-based is a global executive education powerhouse built at the intersection of leadership, deep rooted vision, and brilliant execution capability.
Time of India
08-07-2025
- Business
- Time of India
NSE International Exchange set for first foreign-currency listing
India's NSE International Exchange is aiming to attract its first equity listing in a foreign currency this quarter, a milestone it says will demonstrate a new fundraising avenue for firms. The NSE IX exchange, situated in the financial hub of Gujarat International Finance Tec-City, or GIFT City , is initially targeting unlisted companies for the debut, chief executive officer V. Balasubramaniam said in an interview. These may be Indian firms with foreign holdings or even Silicon Valley or Delaware-based entities, he said, without providing any names. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tan Binh: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo GIFT City is an initiative of Prime Minister Narendra Modi aimed at positioning India as a global financial hub to rival Dubai or Hong Kong. The zone offers exemptions from certain taxes and regulatory restrictions, making it a more attractive for international capital raising. A number of Chinese companies have gone ahead with international listings in Hong Kong, and some of them have now become global multinationals, Balasubramaniam said. 'It's the same opportunity that GIFT City is offering to Indian corporates.' There are five to six companies preparing to list, he said. Live Events The planned listing will help underscore the growing sophistication of India's capital markets and offer companies an alternative to domestic exchanges. A foreign-currency listing in GIFT City may also benefit Indian firms looking to expand globally by reducing currency conversion and hedging costs. The Securities and Exchange Board of India is working with the International Financial Services Centres Authority — GIFT City's unified regulator — to address outstanding regulatory issues, Balasubramaniam said. Once resolved, this will enable already listed Indian companies to raise capital on the international exchanges, he said. 'An Indian company that is already listed can decide to do a follow-on public offering in GIFT City as a separate dollar float, or it could do an offer for sale,' he said. Indian companies have previously accessed overseas markets primarily through instruments such as American depository receipts. Firms in the nation raised more than $20 billion via initial share sales last year. The absence of securities transaction and capital gains taxes in GIFT City is another major incentive for foreign investors, Balasubramaniam said.
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Business Standard
08-07-2025
- Business
- Business Standard
NSE GIFT City exchange plans first equity listing in foreign currency
The NSE IX exchange, situated in the financial hub of Gujarat International Finance Tec-City, or GIFT City, is initially targeting unlisted companies for the debut Bloomberg By Subhadip Sircar and Saikat Das India's NSE International Exchange is aiming to attract its first equity listing in a foreign currency this quarter, a milestone it says will demonstrate a new fundraising avenue for firms. The NSE IX exchange, situated in the financial hub of Gujarat International Finance Tec-City, or GIFT City, is initially targeting unlisted companies for the debut, chief executive officer V. Balasubramaniam said in an interview. These may be Indian firms with foreign holdings or even Silicon Valley or Delaware-based entities, he said, without providing any names. GIFT City is an initiative of Prime Minister Narendra Modi aimed at positioning India as a global financial hub to rival Dubai or Hong Kong. The zone offers exemptions from certain taxes and regulatory restrictions, making it a more attractive for international capital raising. A number of Chinese companies have gone ahead with international listings in Hong Kong, and some of them have now become global multinationals, Balasubramaniam said. 'It's the same opportunity that GIFT City is offering to Indian corporates.' There are five to six companies preparing to list, he said. The planned listing will help underscore the growing sophistication of India's capital markets and offer companies an alternative to domestic exchanges. A foreign-currency listing in GIFT City may also benefit Indian firms looking to expand globally by reducing currency conversion and hedging costs. The Securities and Exchange Board of India is working with the International Financial Services Centres Authority — GIFT City's unified regulator — to address outstanding regulatory issues, Balasubramaniam said. Once resolved, this will enable already listed Indian companies to raise capital on the international exchanges, he said. 'An Indian company that is already listed can decide to do a follow-on public offering in GIFT City as a separate dollar float, or it could do an offer for sale,' he said. Indian companies have previously accessed overseas markets primarily through instruments such as American depository receipts. Firms in the nation raised more than $20 billion via initial share sales last year. The absence of securities transaction and capital gains taxes in GIFT City is another major incentive for foreign investors, Balasubramaniam said.
Economic Times
08-07-2025
- Business
- Economic Times
NSE International Exchange set for first foreign-currency listing
India's NSE International Exchange is aiming to attract its first equity listing in a foreign currency this quarter, a milestone it says will demonstrate a new fundraising avenue for firms. ADVERTISEMENT The NSE IX exchange, situated in the financial hub of Gujarat International Finance Tec-City, or GIFT City, is initially targeting unlisted companies for the debut, chief executive officer V. Balasubramaniam said in an interview. These may be Indian firms with foreign holdings or even Silicon Valley or Delaware-based entities, he said, without providing any names. GIFT City is an initiative of Prime Minister Narendra Modi aimed at positioning India as a global financial hub to rival Dubai or Hong Kong. The zone offers exemptions from certain taxes and regulatory restrictions, making it a more attractive for international capital raising. A number of Chinese companies have gone ahead with international listings in Hong Kong, and some of them have now become global multinationals, Balasubramaniam said. 'It's the same opportunity that GIFT City is offering to Indian corporates.' There are five to six companies preparing to list, he said. The planned listing will help underscore the growing sophistication of India's capital markets and offer companies an alternative to domestic exchanges. A foreign-currency listing in GIFT City may also benefit Indian firms looking to expand globally by reducing currency conversion and hedging costs. ADVERTISEMENT The Securities and Exchange Board of India is working with the International Financial Services Centres Authority — GIFT City's unified regulator — to address outstanding regulatory issues, Balasubramaniam said. Once resolved, this will enable already listed Indian companies to raise capital on the international exchanges, he said.'An Indian company that is already listed can decide to do a follow-on public offering in GIFT City as a separate dollar float, or it could do an offer for sale,' he said. ADVERTISEMENT Indian companies have previously accessed overseas markets primarily through instruments such as American depository receipts. Firms in the nation raised more than $20 billion via initial share sales last absence of securities transaction and capital gains taxes in GIFT City is another major incentive for foreign investors, Balasubramaniam said. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Business Standard
16-06-2025
- Business
- Business Standard
Prime Minister welcomes launch of India-Greece-Cyprus Business and Investment Council
Prime Minister Narendra Modi along with the President of Cyprus, H.E. Nikos Christodoulides recently held a Roundtable interaction with business leaders from Cyprus and India in Limassol. The participants represented diverse sectors such as banking, financial institutions, manufacturing, defence, logistics, maritime, shipping, technology, innovation, digital technologies, AI, IT services, tourism and mobility. Highlighting India's rapid economic transformation in the last 11 years, Prime Minister noted that India, propelled by next-generation reforms, policy predictability, stable polity and Ease of Doing Business, has become the fastest growing major economy in the world. Emphasizing on the primacy being given to innovation, digital revolution, start-up and futuristic infrastructure development, he expressed confidence that India, the fifth largest economy in the world, was well positioned to become the third largest in a few years' time. He noted that steady growth in India's civil aviation, port, shipbuilding, digital payments and green development sectors have opened myriad opportunities for companies from Cyprus to partner with India. Prime Minister noted that Cyprus was a significant economic partner for India, particularly in the Foreign Direct Investment sector and welcomed the keen interest in Cyprus for new investments into the Indian economy. Highlighting the potential for business engagement in the financial services sector, the two leaders welcomed the signing of an MOU between NSE International Exchange GIFT CITY, Gujarat and Cyprus Stock Exchange. NIPL (NPCI International Payments Limited) and the Eurobank Cyprus reached an understanding on introducing UPI for cross border payments between the two countries which would benefit tourists and businesses. Prime Minister also welcomed the launch of the India-Greece-Cyprus (IGC) Business and Investment Council.
