Home > Business > PTI > Report

Sebi decision on dual listing by March

September 11, 2003 20:24 IST

Securities and Exchange Board of India on Thursday said a decision to allow Indian companies to simultaneously list at domestic and international bourses will be taken by this fiscal.

"The Primary Markets Advisory committee was looking into it and a decision will be certainly taken in this fiscal itself," Sebi chairman G N Bajpai said on the sidelines of the 31st National Convention of ICSI in Agra.

Some of the companies like Tata Consultancy Services and Nalco are awaiting the guidelines to decide whether to list their shares in India as well as abroad.

On the proposed Indian Depository Receipts, Bajpai indicated that once the issues are listed at Indian bourses, it would come under the regulatory ambit of Sebi.

"Anything, which is listed under the trading platform, should be regulated by Sebi," he said. 

On demutualisation of bourses, he said all the regional stock exchanges have sent their proposals although in some cases they were yet to be approved in their extraordinary general body meetings.

Market efficiency was of utmost importance to Sebi and it could be attained only through enhanced investor awareness.

Article Tools

Email this Article

Printer-Friendly Format

Letter to the Editor




Related Stories


Sebi panel for short sale check

New norms for securities brokers



People Who Read This Also Read


Sebi may review T+6 settlement

Sebi warns MFs

Debt issues:Sebi for harsh norms






© Copyright 2003 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.











Copyright © 2003 rediff.com India Limited. All Rights Reserved.