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Sebi panel bats for direct overseas listings for Indian companies
In a move that could open up a fresh source of funding for domestic unicorns and new-age companies, an expert committee constituted by the Securities and Exchange Board of India (Sebi) has endorsed direct listing of Indian firms on foreign exchanges. The panel has also proposed measures to encourage global companies to list in India.
The existing legal framework doesn’t allow a company incorporated in India to directly list on foreign bourses. Similarly, companies incorporated outside India cannot directly list their equity shares on the Indian stock exchanges. Read
