More Indian companies eye Nasdaq listing

An increasing number of Indian companies are looking to get listed on leading US bourse Nasdaq, even as volatility continues to plague the global markets.

“Many foreign companies are waiting to get listed on the exchange. There are also Indian entities among them,” Nasdaq Vice-Chairman Michael Garver Oxley told PTI.

Currently, the Indian firms listed on Nasdaq include IT bellweather Infosys Technologies and Internet firms Rediff.com and Sify Technologies.

Currently, the Indian firms listed on Nasdaq include IT bellweather Infosys Technologies and Internet firms Rediff.com and Sify Technologies.

While Infosys and Sify were listed on Nasdaq in 1999, Rediff got into the exchange in 2000.

In 2006, Infosys became the first Indian firm to be included in the coveted Nasdaq-100 index.

More than 3,100 companies are listed on the bourse and among them about 335 are non-US firms from 35 countries representing all industry sectors.

Source: Sify

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