indian stock exchange

London Stock Exchange woes Indian companies

New Delhi: The London Stock Exchange (LSE) is eyeing Indian firms seeking to raise funds in overseas markets to list on its bourse in London by relaxing some of its provisions on track record, minimum market cap or net positive earnings for them.

Ibukun Adebayo, manager, international business development, London Stock Exchange, said that since the LSE was targeting young and growing companies, it did not require any track record, minimum market cap and positive earnings. "We believe in common-sense regulation," Adebayo said.

He said so far 21 Indian companies were listed on the AIM with more seeking admission as the requirement for funds could not be fulfilled from domestic resources alone.

In 2006, companies raised $26 billion on LSE's alternative investment market (AIM) -only $78 million dollars below the amount raised on the US electronic exchange, Nasdaq.