BBX India is awaiting Reserve Bank of India’s (RBI) approval to start international trading in the country, a top company official said.
“We have already filed an application with the RBI and are waiting for an approval, after which BBX India can start trading internationally,” BBX CEO Michael Touma told PTI here.
The approval is expected to come in the next six months, he said.
BBX is listed on the Australia Stock Exchange. It started India operations in November last year by opening an exchange in Delhi followed by a franchisee in Kanpur.
The company recently launched a franchisee in Mumbai and plans to open 150 francisees in the next four months across the country.
