The Indian government has granted approval for domestic companies to directly list on foreign exchanges, effective October 30, 2023. The move, under the Companies (Amendment) Act, 2020, allows certain classes of public companies to list their securities on authorized stock exchanges in permissible foreign jurisdictions. While rules for this new provision are yet to be announced, this development follows the government’s decision to permit Indian companies to list overseas in a bid to facilitate global capital access. The Securities and Exchange Board of India (SEBI) had earlier proposed a framework for direct listings in specific jurisdictions with robust anti-money laundering regulations.
Indian Companies Now Permitted Direct Overseas Listings, Announces Government
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