- It will enable Cross and Dual Listings and enhance bilateral Capital Market Collaboration
- This partnership marks a new chapter in India–Cyprus financial cooperation, involving India’s GIFT City as an international financial services center and promoting capital market innovation and global investor access for both countries: Ashishkumar Chauhan, MD & CEO, NSE
- With our shared vision of enhancing international financial connectivity, this MoU will drive long-term value for investors and institutions across Europe and India: V Balasubramaniam, MD & CEO, NSE International Exchange
NE BUSINESS BUREAU
LIMASSOL, CYPRUS, JUNE 16
In a landmark development, NSE International Exchange (NSE IX), located at GIFT City, Gandhinagar, Gujarat, India, has signed a Memorandum of Understanding (MoU) with the Cyprus Stock Exchange (CSE).
The landmark agreement was formalised during the roundtable event “Advancing a Strategic Economic Partnership”, held in Limassol as part of the official visit of Prime Minister Narendra Modi to Cyprus. The event was also graced by Nikos Christodoulides, President of the Republic of Cyprus.
The MoU lays the foundation for multi-faceted cooperation between NSE IX and CSE, focusing on:
- Cross and dual listings of financial instruments
- Joint development of innovative financial products
- Knowledge and research collaboration
- Capacity building and training initiatives
- Fintech engagement and outreach programs
This strategic partnership underscores growing interest in connecting Indian and European capital markets via GIFT City and reinforces India’s ambition to position GIFT City as a leading global financial hub.
Narendra Modi, Prime Minister of India, remarked during the event: “I am pleased to know that the Cyprus Stock Exchange and NSE have agreed to collaborate in Gujarat’s GIFT City.”
Ashishkumar Chauhan, MD & CEO, NSE, noted during the ceremony: “This MoU paves the way for collaboration in dual and cross listings, joint development of innovative financial products, and cooperation in research, training, and capacity-building initiatives. It opens doors for outreach programs and future engagements in other areas of mutual interest. This partnership marks a new chapter in India–Cyprus financial cooperation, involving India’s GIFT City as an international financial services center and promoting capital market innovation and global investor access for both countries.”
V Balasubramaniam, MD & CEO, NSE International Exchange, added: “NSE IX’s collaboration with the Cyprus Stock Exchange is a strategic step towards building robust cross-border market infrastructure. With our shared vision of enhancing international financial connectivity, this MoU will drive long-term value for investors and institutions across Europe and India.”
