As a reform that could have far-reaching implications and open doors for global listings by Indian companies, the Government of India recently announced that direct offshore listings by Indian companies in permissible foreign jurisdictions will be allowed. This is an important development and could pave the way for Indian companies to list their securities directly on foreign bourses such as the NYSE, NASDAQ, LSE and HKSE.
In this webinar, an expert panel from JSA and Clifford Chance will deliberate the following:
- Nature of securities that can be listed internationally (GDRs, ADRs, direct share listings)
- Key issues to consider while choosing an international listing vis-à-vis a domestic listing
- Comparison of regulatory regimes in the key international stock exchanges
- Indian legislation that will need amendments including the SEBI regulations, FEMA regulations and the Companies Act, 2013
- Is India ready for direct listing?
Panel
Lalit Kumar – Partner, JSA
Arka Mookerjee – Partner, JSA
Vikram Raghani – Partner, JSA (Moderator)
Rahul Guptan – Partner, Clifford Chance
Johannes Juette – Partner and Co-Head of U.S. Securities Practice, Asia-Pacific, Clifford Chance
Arka’s practice area covers primarily equity capital markets issuances which covers a wide range of products such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.