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Exchanges urge India to relax foreign listing rules

International exchange operators are urging regulators in India to relax the requirements local companies need to meet in order to raise capital overseas, according to speakers at the Financial News Indian Investors' Summit in London yesterday.

Indian companies are required to either redomicile overseas, as was the case with miner Vedanta, which listed in London in December 2003, or list in India first, in order to raise foreign capital.

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