NSE IX Signs Strategic MoU with Cyprus Stock Exchange to Boost Cross Listings and Capital Market Ties

In a move aimed at strengthening financial ties between India and Europe, NSE International Exchange (NSE IX) has signed a Memorandum of Understanding with the Cyprus Stock Exchange. This partnership, announced during Prime Minister Narendra Modi’s visit to Cyprus, sets the stage for cross-listings, collaborative product development, and broader capital market cooperation.

NSE IX And Cyprus Stock Exchange Sign Strategic MoU

NSE International Exchange (NSE IX), based in GIFT City, Gandhinagar, has signed a significant Memorandum of Understanding (MoU) with the Cyprus Stock Exchange (CSE). The signing coincided with the official visit of India’s Prime Minister Shri Narendra Modi to Cyprus and was witnessed by H.E. Mr. Nikos Christodoulides, President of the Republic of Cyprus. This agreement signifies a strong step toward deeper financial cooperation between the two nations.

Strengthening Bilateral Capital Market Cooperation

The MoU is designed to foster extensive collaboration between NSE IX and CSE. The partnership covers several key areas such as:

• Cross and dual listings of financial instruments
   
• Joint development of innovative financial products
   
• Research and knowledge sharing
   
• Capacity building through training programmes
   
• Fintech and outreach engagements

This collaboration supports India’s strategic push to position GIFT City as a global financial hub, enhancing its international market appeal and strengthening ties with Europe.

A Vision Backed By Leaders

During the event titled “Advancing a Strategic Economic Partnership,” Prime Minister Modi stated, “I am pleased to know that the Cyprus Stock Exchange and NSE have agreed to collaborate in Gujarat’s GIFT City.” His remarks reflect the government’s support for such cross-border financial initiatives.

Adding to this, Shri Ashishkumar Chauhan, MD and CEO of NSE, said, “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.”

Building Cross Border Market Infrastructure

Shri V. Balasubramaniam, MD and CEO of NSE International Exchange, referred to the agreement as a strategic move to build a robust cross-border market infrastructure. He emphasised the long-term value this partnership will generate for investors and financial institutions across India and Europe.

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Conclusion

This partnership marks a significant step towards deeper integration between Indian and European capital markets. It also reinforces GIFT City’s position as a global financial hub.

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