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Breather for Indian startups as govt to do away with dual listing

Shortpedia

Content Team
Image Credit: shortpedia

The Indian government has decided not to mandate secondary listing for domestic firms which choose to list on overseas stock exchanges. The government is expected to announce the new policy in the next two weeks, as per report. The new policy is expected to allow domestic firms to list their shares in foreign countries for initial purposes, including UK, Canada, Switzerland and the US.