GIFT City’s first IPO withdrawal, tied to XED Executive Development’s ₹110 crore offering, is raising questions about how smoothly issuers can list in India’s international finance hub. KYC hurdles, limited institutional participation, and restrictions on domestic investors are pushing potential companies to rethink timing and plans—turning a major growth narrative into a cautionary test case.
French spirits giant Pernod Ricard says it has not decided on listing its Indian subsidiary, while weighing strategic options to enhance shareholder value. Pernod Ricard India is a major player in alcobev, and the company expects strong momentum in a market it calls its second-largest globally by value. Growth is supported by India’s premiumisation trend.
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