Brief by Shorts91 Newsdesk / 12:52pm on 11 Sep 2023,Monday Business
Indian companies may soon be able to directly list their securities on the London Stock Exchange, as announced during the 12th UK-India Economic and Financial Dialogue meetings in Delhi. Indian Finance Minister Nirmala Sitharaman confirmed India will explore London as a permitted jurisdiction for overseas direct listings by domestic firms, following recent changes in regulations allowing access to global markets. UK Chancellor Jeremy Hunt welcomed the move, calling London the "Europe's Silicon Valley" and seeing major potential for cooperation with "Asia's Silicon Valley" India across sectors like technology and finance.
