Reuters exclusively reported that Indian companies that list overseas will have to later launch on a domestic bourse under policy changes being considered by government officials, a move that global investors fear will harm valuations. India said in March it would allow local firms to directly list abroad to better access foreign capital for growth, but the rules have yet to be decided. The new policy, aimed at helping local firms achieve better valuations, could be a shot in the arm for Indian unicorn start-ups valued at over $1 billion and Reliance’s digital unit which is eyeing a U.S. listing after raising over $20 billion from global names like KKR & Co.
Business & Finance
Reuters exclusively reports India’s secondary listing plan for firms joining foreign markets irks investors
18 September 2020, 3:33 pm 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: AsiaEmerging Markets
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text