NSE International Exchange, a wholly-owned subsidiary of the National Stock Exchange of India Ltd (NSE), has become the first in GIFT City to list American Depository Receipts (ADRs) with Dr Reddy's Laboratories being the first Indian corporate to do a secondary listing of their ADRs at NSE IFSC.

The secondary listing of Dr Reddy's American Depository Receipts at NSE IFSC will provide global investors an additional venue to transact in their ADRs, said National Stock Exchange in a statement issued on Wednesday.

Participants holding depository accounts with either of the international central securities depository (Euroclear Bank, Clearstream) or Depository Trust Company will be able to transact on these ADRs. "We are committed to building a vibrant primary market ecosystem, and active and robust secondary market for capital market products at GIFT IFSC," said Vikram Limaye, Managing Director and CEO of NSE.

Injeti Srinivas, Chairman of International Financial Services Centre Authority said today marks the beginning of delivery-based trading in the International Stock Exchange in GIFT City.

IPO of Burger King, allotment status to be announced today

Fertilizer Production Record Growth: Indian Fertilizer Industry

Loan collections at NBFCs rise in Sep Qrt: Report