Business Economy 17 Jan 2016 Flipkart says Indian ...

Flipkart says Indian markets not yet ready for large Internet listing

REUTERS
Published Jan 17, 2016, 9:00 am IST
Updated Jan 17, 2016, 9:00 am IST
India's market regulator has eased rules to make it easier for homegrown start-ups to list their shares on local bourses.
Flipkart co-founder Sachin Bansal (Photo: Twitter)
 Flipkart co-founder Sachin Bansal (Photo: Twitter)

New Delhi: The co-founder of Flipkart, India's biggest e-commerce company, said on Saturday that the country's stock markets were not yet ready for a large Internet listing.

Sachin Bansal's comments at a startup conference in New Delhi came days after a rejig in the top management that was viewed by some as a step toward a stock market listing.

 

"Indian markets are not yet ready for a large Internet company listing but we would absolutely love to list here when the time comes," he said.

But India's junior minister of finance Jayant Sinha told the same conference that listing of Internet stocks on Indian markets would be a big boost for the economy.

India's market regulator has eased some rules to make it easier for home grown start ups to list their shares on local bourses.

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Location: India, Delhi, New Delhi




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