Euronext to lure Indian companies to Alternext

Euronext, Europe's largest stock exchange, today began a campaign in India to attract domestic companies to Alternext, its subsidiary exchange for small and medium companies, after more than a dozen Indian companies raised over £2 billion from its rival London's Alternative Investment Market.

"The costs for raising capital in Alternext is lower than AIM. There is sufficient transparency. The Alternext All Share Index rose by over 28 per cent over the last one year while the AIM index declined by 4.6 per cent," said Martine Charbonnier, executive director, listing & issuers of Euronext, speaking at the meeting of the 1st French-Indian Financial Forum, organised by the industry chamber here.

With operations in Paris, Brussels and Amsterdam, there are 93 SMEs, including four from outside the Euronext zone, listed on the Alternext.