The government’s decision to permit direct overseas listing of some Indian entities might need more follow-up action since the latest measures will not drive local firms to chalk out foreign listing plans, reported Business Standard quoting experts.
The move follows Finance Minister Nirmala Sitharaman’s remarks in September about permitting Indian companies to undertake “direct foreign listings".Industry players say the government will need to give more clarity to truly open up the direct overseas listing avenue for local companies.
