The Sensex Futures & Options will now be available for investors worldwide. They can now directly invest in them using US dollars.
The exchanges have made representations to the regulator and LIC, stating that they are incorporated under the Indian Companies Act, 2013, so technically, they are Indian companies and not foreign entities. This argument, however, has not been accepted by the regulator.
There is already a product in GIFT City that is attracting keen interest from traders
In the first tranche, bonds worth USD 700 million will be issued at a coupon rate of 3.249 per cent due in 2030 while the second tranche consists of bonds worth USD 300 million at 3.95 coupon rate due in 2050, India INX said in a release.
The special purpose vehicle -- India INX Global Access IFSC Global Access -- will offer access to products traded on international exchanges.
Earlier this month, India INX had listed Indian Railway Finance Corporation's (IRFC) green bonds on the GSM.
The India International Exchange (India INX) is India's first international stock exchange, opened in January 2017.
The award was given here last night by Futures and Options World (FOW) of the London-based Euromoney Institutional Investor plc.
Prime Minister Narendra Modi today inaugurated India's first international exchange -- India INX -- at the International Financial Service Centre (IFSC) of GIFT City here, saying it will enable Indian firms to compete on equal footing with offshore firms.
India International Exchange (India INX), arm of leading domestic bourse Bombay Stock Exchange (BSE), is all set to be inaugurated by Prime Minister Narendra Modi today.
As many as 90 trading members had applied with Ministry of Corporate Affairs to establish shops at IFSC, of which 84 entities have got the clearance.