International and Emerging Markets Blog

Indian listings in London: AIMing for the long term

Saturday, July 16, 2011 | Posted by: Grant Thornton
Categories: India, India Watch Issue 13 | Tags: India, UK, India Watch, South Asia Group, AIM, Capital Markets, Hugh Sandeman, liquidity, PLUS, main market, raising finance

One of the first things that investors ask Indian companies planning a London listing is how this fits with their financial strategy. They’re not expecting a single answer to this question: it can make just as much sense for a domestic Indian power generator to go offshore and IPO in London, as it can for an Indian company with global ambitions and operations. But what investors do want to hear is that the Indian promoter is going to put his or her full confidence in the long term in the London market as the vehicle for growing their company.

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Grant Thornton India Watch Index outperforms all major London indices for the first half of 2011

| Posted by: Grant Thornton
Categories: India, India Watch Issue 13 | Tags: India, Grant Thornton, economy, UK, performance, India Watch, South Asia Group, AIM, IPO, capital markets, London listing, share price, PLUS, main market, equity, raising finance

The Grant Thornton India Watch Index* showed the strongest performance in H1 2011 of all the major London indices, with a positive performance of 2.65%. This compares to FTSE 100 (0.78%) and FTSE AIM UK 50 (1.17%) and the falling AIM 100 (-8.54% ) and FTSE AIM All-Share (-8.10%).

Interestingly, since the start of the financial crisis in late 2008, the Grant Thornton India Watch Index has gained 142.85%, followed by the FTSE AIM ALL-SHARE (117.58%) and FTSE AIM 100 (112.46%) respectively, highlighting the sustained growth of the AIM market.

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