NEW DELHI : The government is likely to soon decide on permitting Indian companies to list their equity shares overseas, according to an official. Currently, quite a few Indian companies have American Depository Receipts (ADRs) that are traded in the US. The official said the corporate affairs ministry and markets regulator Sebi are in favour of allowing Indian companies to list their equity shares in foreign countries. A decision is likely soon, the official said, adding that changes would need to be done in the companies law and Sebi regulations for permitting listing of domestic companies overseas. Further, the official said that only public companies are likely to be given permission for overseas listing of equity shares.

Source: Mint January 26, 2020 12:00 UTC