How do Indian Companies List on Foreign Exchanges?
If you have been keeping a watch on Indian stock markets, you must have known that the Government has allowed Indian companies to get their business listed on foreign exchanges. It is was resulted of lockdown caused by the coronavirus pandemic that prompted the Indian Government to allow Indian firms to access foreign capital markets. The basic idea behind this move was to reveal another liquidity avenue for Indian corporate houses through foreign exchange listing. On June 12, 2018, the Securities and Exchange Board of India (SEBI), the Indian stock markets controllers formed an expert committee on the listing of equity shares of firms set up in India on foreign stock exchanges and of companies set up in countries other than India on Indian stock exchanges. The committee is made up of members, not only from SEBI but also from some popular capital market institutions and bigger law firms. Now, when it comes to the listing of Indian companies on the foreign stock exchange, there