Govt won't mandate secondary listing for firms joining foreign mkts: Report

Topics Markets | Sebi | Stock exchanges


India has decided not to mandate secondary listings for domestic firms that float their shares on a foreign stock exchange as the government prepares a new policy, two senior government sources and two industry executives told Reuters on Thursday.

India is close to drawing up rules for companies to float overseas without having to first list shares at home, as a way to help startups attain higher valuations and access capital more easily. But concerns grew after officials privately told global investors and companies in meetings they.....

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