Why in News?
The International Financial Services Centres Authority (IFSCA) registered Nexent Capital IFSC to operate as an investment banker in GIFT City.
What does the licence allow?
- The firm can handle activities such as IPOs, follow-on offerings, debt-market transactions and other capital-market advisory work within the IFSC framework.
- The licence was granted under IFSCA's Capital Market Intermediaries Regulations.
- GIFT IFSC is designed as India's hub for cross-border financial services, with IFSCA acting as the unified regulator.
Exam Connect
- IFSCA → unified regulator for India’s IFSCs
- GIFT City → Gandhinagar, Gujarat
- IFSCA → established under IFSCA Act, 2019