India's secondary listing plan for firms joining foreign markets irks investors
Investors such as SoftBank fear the move will harm valuations, raise costs
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New Delhi
INDIAN companies that list overseas will have to later launch on a domestic bourse under policy changes being considered by government officials, sources told Reuters. It is a move that global investors fear will harm valuations.
India said in March that it would allow local firms to directly list abroad to better access foreign capital for growth, but the rules have yet to be decided.
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