Indian IT trade body Nasscom has signed a memorandum of cooperation with the London Stock Exchange which could lead to more companies from the sub-continent seeking a London listing.
The memorandum commits the Exchange and Nasscom to share research and market data. They will also organize joint marketing events and seminars and work together to push the benefits of a London listing for Indian companies.
London will be pushing its status as an international capital center, as well as its world-leading standards of corporate governance and market regulation. Nasscom said the UK was the second largest market for India’s IT services companies, accounting for 12% of the sector’s exports.