IFSCA Grants Investment Banking Registration to Nexent Capital in GIFT City

# IFSCA Grants Investment Banking Registration to Nexent Capital in GIFT City ### 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**