New Indian bourse set to boost trading in start-ups
A new stock exchange for Indian start-ups is due to be launched early next year. Market commentators are hopeful the regulatory regime will be more accommodative than previous attempts to create such a bourse.
An upcoming Indian stock exchange for start-ups is set to boost share sales and purchases, according to market players.
After a number of failed attempts to create such a bourse, industry participants are confident that more conducive rules will this time help it to take off.
The institutional trading platform (ITP), which is set to go live on January 1 next year, will be “helpful for both buying and selling stakes in companies,” said Umang Papneja, CIO of IIFL Private Wealth.
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