Rothschild sees more global firms listing Indian units next year
At least 10 multinational companies may list their Indian units in Mumbai over the next year as they seek higher valuations amid the country’s rapid growth, according to Rothschild & Co.Lofty valuations are drawing companies to initial public offerings as equities in the country trade at a premium to most markets, said Claire Suddens-Spiers, vice chair of global markets solutions at Rothschild.“Listing locally signals long-term commitment, enhances partnerships and boosts visibility, apart from delivering s ...