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Flipkart Says India Not Ready for a Big Internet IPO

By Reuters | Updated: 16 January 2016 18:22 IST
Flipkart Says India Not Ready for a Big Internet IPO
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The co-founder of Flipkart, India's biggest e-commerce company, said on Saturday that the country's stock markets were not yet ready for a large Internet listing.

Sachin Bansal's comments at a startup conference in New Delhi came days after a rejig in the top management that was viewed by some as a step toward a stock market listing.

"Indian markets are not yet ready for a large Internet company listing but we would absolutely love to list here when the time comes," he said.

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But India's junior minister of finance Jayant Sinha told the same conference that listing of Internet stocks on Indian markets would be a big boost for the economy.

India's market regulator has eased some rules to make it easier for home grown start ups to list their shares on local bourses.

© Thomson Reuters 2016

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Further reading: Flipkart, Flipkart IPO, Internet
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