The expert committee for cross listing submitted its report to SEBI in December. Cross-listing is when equity shares of companies incorporated in a country (India) are listed directly on foreign stock exchanges or of companies incorporated outside India, on Indian stock exchanges.
While Indian companies want to list off-shore, Indian investors interests are better served if it encourages companies incorporated outside India to list on Indian exchanges. There is no reason why Unilever or Nestle or P&G or Cummins should not list in India – some of them are, after-all, transferring business to their unlisted Indian subsidiaries – and in doing so, choosing the Indian consumers over its investors
To read the full report, click here.