LSE plans road shows to woo Indian cos

The London Stock Exchange plans to conduct road shows in India from July for attracting technology and other high growth companies to list on its Alternate Investment Market segment.

"We are planning road shows in India from July to promote AIM," LSE head of international business development, Tracey Pierce, told PTI.

The world's premier bourse may tie up with leading industry chamber FICCI for this purpose.

"For small companies in India, listing on AIM could be a good option," she said. Unlike the main market, AIM is regulated by the exchange and not by UK's super regulator Financial Sector Authority.

So regulations for AIM-listed companies are less stringent. Moreover, the listing fees is only 4,000 pounds for AIM, which makes it attractive for small companies raising less than $50 million, Pierce said.

 The proposed road shows in India are part of LSE's overall strategy focus on three emerging economies -- India, China and Russia, which are clocking high growth in GDP and require to raise more capital from international markets.

"We want to attract well-managed, growing and profit generating companies to list on LSE," she said, adding it would help export-oriented companies to build a profile and brand in EU.

At present, India ranks sixth after Russia, Taiwan, South Korea, China and South Africa in terms of value of business transacted in emerging market stocks, she said.