Dual listing may not be possible: Experts

Pointing out that dual listing is not popular globally,he said,8221;The government will have to amend Companies Act to allow dual listing,which is not allowed currently.8221;

Expressing similar view,SMC Capital Equity head Jagannadham Thunuguntla said,8221;If the government is committed for dual listing,it can be feasible. However,there are huge challenges and the process will take some time.8221;

He further said that there are many regulatory hurdles before it to become feasible. 8220;Amendments are required in FEMA regulation,capital account convertibility,listing agreement,8221; he added.

The dual-listed companies retain their separate legal identities while being listed on both stock exchanges.

Besides,they also enjoy equal voting rights.

RBI appointed Tarapore Committee has suggested that India should go for fuller capital account convertibility in stages.