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Government may allow direct overseas listing of Indian startups
January 24, 2020
The government is planning to allow a direct listing of Indian companies overseas to allow them access to a larger pool of capital.
Though this proposal has taken place still an official and formal decision is yet to receive.
This idea is to help Indian startups get more open to overseas investors.
This will also help them raise more funds from new investors and allow exist from existing investors.
According to the sources, it is said that RBI and the finance ministry to working to erase volatility as there have been concerns in the past regarding the rush of capital in the country and its impact on exchange rates.
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