Govt may allow Indian companies to list overseas soon

Govt may allow Indian companies to list overseas soon

 

Thehindubusinessline: The government is likely to soon decide on permitting Indian companies to list their equity shares overseas, according to an official.

Apart from providing an additional fundraising avenue for the corporates looking to expand and boost their business activities, the overseas listing of shares would also help in bringing more capital into the country.

The official said many companies are interested in listing their equity shares in foreign countries.

Currently, quite a few Indian companies have American Depository Receipts (ADRs) that are traded in the US. Some other corporates have their Global Depository Receipts (GDRs).

 

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