NSE IX and Cyprus Stock Exchange Sign MoU to Boost Cross-Border Financial Ties
- NSE IX and Cyprus Stock Exchange signed an MoU to collaborate on dual listings, financial product development, and fintech initiatives.
- The agreement supports India's vision of GIFT City as a global financial hub, linking Indian and European capital markets.
- The collaboration includes research, training, investor outreach, and building cross-border market infrastructure.
In a significant move to deepen economic cooperation between India and Cyprus, NSE International Exchange (NSE IX), based in GIFT City, Gandhinagar, has signed a Memorandum of Understanding (MoU) with the Cyprus Stock Exchange (CSE). The agreement was formalized in Limassol during the high-level roundtable event titled 'Advancing a Strategic Economic Partnership', held as part of Prime Minister Narendra Modi’s official visit to Cyprus. The event was attended by H.E. Nikos Christodoulides, President of the Republic of Cyprus.
This strategic partnership aims to foster a broad range of collaborative initiatives between NSE IX and CSE. Key areas of focus include cross and dual listings, co-development of innovative financial products, fintech initiatives, investor outreach, knowledge sharing, capacity building, and joint research programs.
Ashishkumar Chauhan, MD & CEO of NSE, stated, “This MoU paves the way for collaboration in dual and cross listings, joint development of financial products, and cooperation in research, training, and capacity building. It marks a new chapter in India-Cyprus financial cooperation via GIFT City, strengthening our capital market innovation and global investor access”.
V. Balasubramaniam, MD & CEO of NSE IX, emphasized, “This partnership with CSE is a strategic step towards building robust cross-border market infrastructure. It reflects our shared commitment to enhancing international financial connectivity".
The MoU underscores India’s growing role in global finance through GIFT City, reinforcing its emergence as a leading international financial services hub.
