MUMBAI: The government’s policy intent to allow Indian companies to list overseas without simultaneous India listing while opens up more avenues for tech companies to raise funds, it would be a non-starter without the necessary regulatory clarifications, said legal experts.
Historically, due to the existing legal framework, Indian entities have used offshore routes like Mauritius to list on overseas exchanges like NASDAQ, NYSE among others by creating parent companies in tax friendly jurisdictions.
Apart from that, Indian entities are allowed to access foreign capital through the American Depository Receipts (ADR) or Global Depository Receipts (GDR) route. "While tech companies would be the key beneficiaries, some other companies with