The `Indian Corporate Law' blog links to a story in the Economic Times which says that one factor why the Bharti/MTN transaction fell apart was: India's 75% restriction on foreign ownership of telecom companies. That fits in the larger theme of India's 21st century firms hitting limitations owing to 20th century controls.
They also have a story on a possible first Indian Depository Receipt (IDR) from Standard Chartered Bank. If it comes through, that would be cool. But that's going to take quite a few changes by SEBI and RBI to the existing policy framework for IDRs (which have helped ensure zero foreign listings in India).
No comments:
Post a Comment
Please note: Comments are moderated. Only civilised conversation is permitted on this blog. Criticism is perfectly okay; uncivilised language is not. We delete any comment which is spam, has personal attacks against anyone, or uses foul language. We delete any comment which does not contribute to the intellectual discussion about the blog article in question.
LaTeX mathematics works. This means that if you want to say $10 you have to say \$10.