India’s National Stock Exchange (NSE) and the Cyprus Stock Exchange signed a memorandum of understanding to support dual listings and joint financial research, aiming to strengthen ties between the two markets.
The agreement, signed during Prime Minister Narendra Modi’s visit to Cyprus, seeks to increase capital flows through India’s GIFT City financial hub.
The deal allows European companies to list on NSE’s international arm at GIFT City, while Indian firms gain access to Cyprus’s exchange, opening doors to European investors.
“This is a great occasion, and we are honoured that the Honourable Prime Minister himself visited Cyprus to witness the growing ties between the two countries,” NSE CEO Ashish Chauhan said.
The agreement supports the creation of new financial products, including exchange-traded funds, and links GIFT City with Cyprus, an emerging European financial center.
[Inputs: PID/Shabd]