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Global, local listings not at one go

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Subhomoy BhattacharjeeP Vaidyanathan Iyer New Delhi
Last Updated : Feb 06 2013 | 8:46 PM IST
 The government has shelved a proposal to allow companies to list simultaneously in the domestic and international markets.

 A simultaneous float could raise the price of the issue substantially, making it difficult for retail investors to pick up such stock, government officials said.

 If an American Depository Receipts (ADR) issue is priced comparatively higher, domestic investors might suffer.

 Recently, Bharat Petroleum had sought the Securities and Exchange Board of India

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First Published: Jul 21 2003 | 12:00 AM IST

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