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INDIAN COS MAY GET TO TAP OVERSEAS EQUITY MARKETS: PAPER.
LONDON, Feb 1 Asia Pulse - India may soon allow its companies to go in for a primary listing in overseas exchanges, relaxing current regulations that require firms to first list in domestic bourses.
"The suggestion has come that companies could seek a primary listing elsewhere if they can assure a secondary listing in India within a certain period," Finance Minister P Chidambaram was quoted as saying by The Times here.
"It is being considered. We will look at it."
At present, Indian companies are required to list equity shares in local markets and simultaneously issue American or Global Depositary Receipts (ADRs/GDRs), ...
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...Business News Feb. 29--A select but growing band of "grey entrepreneurs" may find some Budget cheer next month from Chancellor Gordon Brown, who is thought to be looking at ways of encouraging greater numbers of older people to start in business. Special...