Overseas listings of Indian companies decline on shrinking premiums

Increased participation of foreign investors in domestic markets another reason for the drop

Few companies now look abroad to meet equity capital needs. This can be seen by the long gap between the last two overseas listings of Indian firms. 

Hinduja Foundries, a company that manufactures castings used in cars and tractors, raised $59.9 million in 2015-16. HDFC Bank followed with a $1.8-billion offering in August 2018. 

Increased foreign participation in domestic markets and shrinking premium abroad have contributed to the scarcity of such offerings, according to experts. 

Meanwhile, a regulatory panel earlier this week suggested easier norms for companies - especially technology firms and start-ups - that may wish to access foreign capital.  

"Sebi felt it