Big Deal: Experts debate global versus Indian listings

As the Indian startup world awaits global direct listing norms from the government to find value, funds and realise their American dream, there is a spanner in the works. Sources suggested that the government is trying to solve for the loss of revenues from the capital gains tax if this is allowed under new tax framework similar to that of ADR and GDR where exemptions have been given. On Big Deal today, Gautam Mehra of PWC India, Pratibha Jain of Nishith Desai Associates and Amit Mehra of Lightspeed India Partners discussed global versus Indian listings.