New Delhi: The Ministry of Corporate Affairs has allowed certain unlisted companies to directly list on a foreign stock exchange with effect from 30 October, showed an official order. This provision allows certain classes of public limited companies to get listed on a foreign bourse before getting listed on an Indian exchange. The provision introduced enables the government to make …
New Delhi: India will take around six months to announce rules allowing companies to list overseas, taking longer than some expected as the finance ministry irons out issues related to taxation, two government officials and four industry sources told Reuters. The delay is likely to dampen hopes of investors like Tiger Global, Sequoia Capital, Lightspeed and many Indian startups who …
