MUMBAI: A day after Finance Minister Pranab Mukherjee said that dual listing of a firm was not possible as per the existing laws, a South African delegation met senior officials of Securities and Exchange Board of India and the Reserve Bank of India to discuss matters related to the proposed Bharti-MTN deal.
The meeting was attended by SEBI Executive Director Usha Narayanan, SEBI Wholetime Member Prashant Saran and RBI Chief General Manager (Foreign Exchange Department) Salim Gangadaran among others.
The South African delegation comprised top officials from the National Treasury and the South African Reserve Bank. The meeting, called by the Ministry of Finance to discuss the multi-billion dollar deal, is understood to have deliberated regulatory hurdles holding back the mega deal.
Under dual listing securities are listed on more than one exchange for the purpose of adding liquidity to the shares and offering investors a choice on where they want to trade. — PTI