Business Standard / New Delhi Sep 24, 2009, 00:08 IST
If dual listing can help an Indian company achieve a big merger, what is the harm in changing the laws accordingly? As Sandeep Parekh has pointed out (‘Is dual listing of shares a good idea?’, Sept 23), the fear of back-door capital account convertibility is not very real — FIIs can, in any case, take money in and out of the country and the limits for resident Indians are also quite large. The dual listing structure, Kartik Ganapathy points out in the same debate, helps reduce the costs of mergers quite substantially. It is a win-win situation for both Bharti and for Bharat.
Priya Sen, on email
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