LSE plans roadshows to woo Indian Inc
Press Trust of India
New Delhi, January 21, 2005
The London Stock Exchange plans to conduct roadshows in India from July for attracting technology and other high growth companies to list on its Alternate Investment Market (AIM) segment.
"We are planning roadshows in India from July to promote AIM," LSE head of international business development Tracey Pierce told PTI.
The world's premier bourse may tie up with leading industry chamber FICCI for this purpose.
"For small companies in India, listing on AIM could be a good option," she said.
Unlike the main market, AIM is regulated by the exchange and not by UK's super regulator Financial Sector Authority. So, regulations for AIM-listed companies are less stringent.
Moreover, the listing fees is only £4,000 for AIM, which makes it attractive for small companies raising less than $50 million, Pierce said
The proposed roadshows in India are part of LSE's overall strategy focus on three emerging economies -- India, China and Russia, which are clocking high growth in GDP and require to raise more capital from international markets.
"We want to attract well-managed, growing and profit generating companies to list on LSE," she said, adding it would help export-oriented companies to build a profile and brand in EU.
At present, India ranks sixth after Russia, Taiwan, South Korea, China and South Africa in terms of value of business transacted in emerging market stocks, she said.
© HT Media Ltd. 2004.