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Singapore bourse woos small, medium Indian firms

The Singapore Exchange - SGX -- is wooing small- and medium-sized Indian companies to list their shares on the bourse, citing its low listing fees as well as its transparency and efficiency.

"We believe SGX is best suited for small and mid-sized Indian companies looking to raise capital," Gan Seow Ann, executive vice-president of SGX, said on the sidelines of a meeting organised by the Confederation of Indian Industry.

He said SGX was in talks in several companies for a possible listing, but added it would be a while before a successful debut takes place.

At the session, SGX outlined the benefit of listing and raising funds in Singapore and shared its business strategy for enhancing the attractiveness of the city-state's capital markets.

"SGX should be looked upon as a gateway by companies aiming at list at bigger exchanges," Gan said.

"List on SGX, raise funds and build up company and later list in other international exchanges."

At the end of June, 18 per cent of the total 493 companies listed on SGX were foreign, accounting for 40 per cent of the total market capitalisation.

Its listing fees are one of the lowest in the world, Gan said.

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