India's regulatory reforms speed up reverse mergers for foreign startups, attracting them with improved IPO opportunities.
India's regulatory reforms have expedited the return of foreign-based startups, allowing them to complete reverse mergers in just three to four months instead of 12 to 18. This shift is attracting startups back to India due to improved IPO opportunities, with the market raising $9.17 billion in 2023, up from $4.68 billion last year. The country's policy against dual listings and preference for local firms further incentivizes this trend. However, capital gains tax concessions remain unlikely.
October 10, 2024
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