India mulls new IPO rules, opening gates to offshore

Indiamobile 1
By John Loh
14 Jun 2018

India’s markets regulator signalled this week that it may overturn a ban on local firms listing directly on offshore stock exchanges, in a move that could have far-reaching implications for fundraising. But a litany of issues stand in the way of reform, warn market participants. John Loh reports.

The Securities and Exchange Board of India (Sebi) announced on Tuesday it has convened a high-powered group of experts to look into how companies can sell equity overseas.

Indian issuers can list American or global depositary receipts at present, but to do so they must first be listed on an ...

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