Indian companies may get nod to list in 7 countries


NEW DELHI: Paving the way for a global listing by the likes of Reliance Jio, LIC and Indian start-ups, the go nment is set to notify seven countries and the Gujarat International Finance-Tec (GIFT) City where these companies can go public, while easing several norms to facilitate the process.

新德里:为了给Reliance Jio、LIC和印度初创企业的全球上市铺平道路,印度政府将通知七个国家和古吉拉特邦国际金融城(GIFT),这些公司可在当地上市,同时放宽一些规范,以促进这一进程。

The ministry of corporate affairs (MCA) and the department of economic affairs have agreed to do away with the contentious clause of dual listing, which required a company to list in India as well as overseas. As a result, a company can directly list in one of the seven markets including – the US, the UK and Japan.



While the list will be expanded later, Hong Kong is notable exclusion and comes in the midst of India’s border tension with China. Several companies have opted to list in Hong Kong, which is a financial hub in the region.


Exchanges operating in the International Financial Centre at GIFT City, which have tie-ups with overseas bourses, can facilitate the stock being traded abroad as well, sources told TOI. For instance, if NSE or BSE ties up with SGX, it can help share of an Indian company to be traded on the exchange in the GIFT City as well as Singapore.

消息人士告诉《印度时报》,在GIFT City国际金融中心运营的交易所(该交易所与海外交易所有合作),也可以促进股票在海外交易。例如,如果NSE或BSE与新交所合作,可以帮助印度公司的股票在GIFT City和新加坡的交易所交易。

“It will really help start-ups which may not be profitable but are looking to raise money and list at a premium,” said a market player.


Allowing global listing of Indian entities is seen as a major change in go nment stance as policy makers were earlier wary of letting companies tap global capital markets directly. As a first step the Modi administration has amended the Companies Act, which will be followed by umbrella guidelines by the finance ministry and rules for unlisted companies by MCA and those for listed entities by Sebi. The revenue department is separately going to address the tax issues as the go nment is seeking to ensure the first listing by an Indian entity in the early part of next year.


Sources said the ministry has already held discussions with investment bankers, Indian companies as well as bodies such as US-India Business Council. Buoyed by the amendment, foreign exchanges are courting Indian companies as well as the go nment to list some of the companies abroad in what will be seen as a powerful message that India is open to doing business with the world.


In recent years, several Chinese companies have listed abroad.



译文来源:三泰虎  http://www.santaihu.com/p/51070.html 译者:Jessica.Wu

Modi The King

Master move by Modi.. ONLY Modi can revive Indian Economy..



K Mohan Hyderabad city

Who said economy is gone and would not turn up, and this is the big reason to celebrate



Nutz Nutz

Reliance Jio and Reliance Retail will eventually be listed in foreign countries only to benefit their foreign investors. Indians who invested in Reliance Industries will be left poor as the Reliance Industries shares price will be reduced by more than 70% post demerger and listing of above two entities.



Madan Mohan Siddhanthi

Iam not a specialist in these fields but fact is Government is trying as per its experts advice let us hope we will recover faster than rest of the countries - inspite of opposition from with in



K Mohan Hyderabad city

The investors of the big companies in India are going to be huge beneficiaries in near future




Mumbai is over populated. Ahmedabad deserves to become India's next metropolitan city after Delhi, Mumbai, Kolkata, Chennai and Bengaluru.

PS:- I am not gujarati




vikas kaulkhedkar

Boycott china




Make in India is near to Reality & Globalise it. Good move indeed, No doubt it will benefit Indian companies but Dependence on Cheap Chinese Products must be nullified (Boycott).



aaaa bbbb

This is a good decision. There are many companies looking forward to such arrangements. There will be reciprocal arrangements This will benefit retail investors from India too to play in the global stock exchanges. Secondly, foreign retail investers will also come to our stock exchangr.



Col Noam A Indoisrael Noam

Good Idea, I think India is losing trillions of dollars by not listing its vaccine companies. Look at JNJ and Morderna making billions and increasing their manufacturing capacity. I know lot of American investors would want to buy shares.



Mohinder Sood

Modi will deliver no matter what.




Hats off to Modiji. This will attract foreign capital investing in Indian companies.



Chandrasekaran Krishnamurthy

This will be a stepping stone to popularise Made in India globally.



Jagdish Madan

Master stroke by a visionary pro India PM! Hope the move creates a tough challenge to Chinese entities listed abroad.




K Mohan Hyderabad city

Big brands like Reliance, Jio , LIC can now be listed in seven countries including US UK and Japan



K Mohan Hyderabad city

China must be fuming at this move as India has been raising and fanning out globally




Good move ..but have stricter controls, frequent monitoring and severe punishment for the law breakers.

做得好. .但对违法者,要实行更严格的控制、频繁的监控和严厉的惩罚。


Umapathy Rao Kasturi

This is hightime that we allow our companies list globally and expand. This has to be a second liberalization after PV Narasimha Rao Ji's time. Three cheers to the progressive go nment . Thankfully we got rid of dynasty rule.




Reliance shareholders will lose heavily because of holding company discount .



Manyam Raja Ram

Now Gujjus will try to cheat foreign Share markets by Manipulation. Good.






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