Tax perspective of direct listing of firms on GIFT IFSC
It took around 20 years of persistent hard work by Infosys founder Narayana Murthy to ensure its listing on the US stock exchange, in 1999, the first Indian company to get listed on Nasdaq. Back then, Infosys had to take the more tedious and stringent route of American Depository Receipts (ADRs) for the Nasdaq listing …
