Hopefully, its wealth unlocking is a precursor to several other companies that are going public in the coming months. This seems odd, since India’s equity markets have been open—nay, welcoming—to foreign investors. But an Indian listing gives Indian residents a chance to participate in the listed company’s prosperity. However, none of the stratospheric market value of these companies is available to Indian residents, save a handful of high net-worth individuals. Indian companies that want to feel the pulse of foreign investors can do so by issuing depository receipts or masala bonds.

Source: Mint August 11, 2021 16:18 UTC