Sebi considers direct overseas IPOs for Indian firms
The Securities and Exchange Board of India has convened a high-powered group of financial markets experts as it considers overhauling a ban on the country's companies listing offshore.
The current rules do not permit locally-incorporated firms to list their equity directly overseas. The only way an Indian issuer can list offshore is through American or global depositary receipts.
Companies incorporated outside India can likewise only access the Indian capital markets through Indian depositary receipts.“Considering ...