News & Media 6th Nov 2023

Direct listing on foreign exchanges: What does it mean for Indian companies?

Authors

Manendra Singh Partner | Mumbai

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ELP’s Manendra Singh discusses the implications of the Indian government’s recent announcement permitting certain Indian companies to directly list on select foreign stock exchanges with Hitesh Vyas of the The Indian Express. According to him, with this latest provision, domestic companies gain the opportunity to access international markets for fundraising. This opens up avenues for enhanced valuation and exposure to foreign currency trading, notably the dollar. Furthermore, this development may prove advantageous for the startup and unicorn community, providing them with an additional channel to secure funding and elevate their global presence.

Read the detailed article here