India INX welcomes National Highways Authority of India (NHAI) on the Global Securities Market
Posted on: 04/Apr/2018 5:38:50 PM
National Highways Authority of India yesterday established its INR 250 Billion Medium Term Note programme on India INX’s Global Securities Market. This is the first INR denominated MTN Programme of its kind globally by an Indian statutory body planning to raise funds through masala bonds. Global Securities Market platform of India INX offers fund raising framework from global investors at par with other international venues. Since launch in Jan 2018, Indian issuers have established programs of USD 21 billion on this new platform.
About India INX
India INX, a wholly-owned subsidiary of BSE Ltd, commenced its trading activities on January 16, 2017 and is India’s first International Exchange set up at GIFT City. It is one of the world’s most advanced technology platforms with response time of 4 micro seconds and operates for 22 hours a day to allow international investors to trade from anywhere across the globe. The exchange provides a common platform for all asset classes - equities, currencies, commodities and fixed income products.
India INX offers a diversified portfolio of products and technology services at a cost which is far more competitive to Indian exchanges as well as other global exchanges like those at Hong Kong Singapore, Dubai, London and New York. The exchange, located at IFSC in GIFT City, provides competitive advantage in terms of tax structure and supportive regulatory framework. These include benefits in no capital gains tax, no security transaction tax, no commodity transaction tax, no dividend distribution tax and graded income tax benefits for a period of 10 years.
