India's secondary listing plan would be undue burden: Paytm executive

Companies like Google that vie against Paytm in the digital payments space have no such obligation, noted Deora.

India's potential plan to compel companies to do a secondary listing on an Indian stock exchange if they opt to first list on an overseas bourse would unfairly penalise Indian firms, according to a senior executive at fin-tech company Paytm.
 
"Companies should be allowed to list wherever they want. I think that would be good not just for the companies, but for the digital ecosystem," Madhur Deora, a president of SoftBank-backed Paytm, told Reuters in an interview on Tuesday.
 
Deora's comments come as India works on forging rules that would open the doors for Indian startups to list