Representing a big step forward in capital markets cooperation, India and the United Kingdom on Monday agreed to explore the possibility of allowing direct listing of securities by Indian firms at London Stock Exchange, the Deacon Herald reports.
The move follows the Indian government’s announcement related to allowing domestic companies to access global markets.
“The UK welcomes India’s recent announcement to enable Indian companies to list their equity shares on the international exchanges in GIFT IFSC (GIFT International Financial Services Centre),” as per a joint statement issued after the 12th India-UK Economic and Financial Dialogue in New Delhi. It noted that the move will facilitate access for the entities based in the UK to invest in new companies. Read more.
