Private companies which list their non-convertible debentures on stock exchanges will not themselves be considered listed The new rule also indirectly throws Indian bourses open to foreign competition as well-run firms may choose to list abroad MUMBAI: Indian companies would now be allowed to list overseas without simultaneous listing at home, Finance Minister Nirmal Sitharaman said on Sunday, the last of the 5-day-long series of announcements on the Rs20 trillion financial package aimed at restoring the health of the covid-struck economy.
The Union Cabinet had approved this proposal in March. So far, India companies looking to list overseas, had to first go public in India and only then could they list overseas by issuing American