Securities and Exchange Board of India on Thursday said a decision to allow Indian companies to simultaneously list at domestic and international bourses will be taken by this fiscal.
"The Primary Markets Advisory committee was looking into it and a decision will be certainly taken in this fiscal itself," Sebi chairman G N Bajpai said on the sidelines of the 31st National Convention of ICSI in Agra.
Some of the companies like Tata Consultancy Services and Nalco are awaiting the guidelines to decide whether to list their shares in India as well as abroad.
On the proposed Indian Depository Receipts, Bajpai indicated that once the issues are listed at Indian bourses, it would come under the regulatory ambit of Sebi.
"Anything, which is listed under the trading platform, should be regulated by Sebi," he said.
On demutualisation of bourses, he said all the regional stock exchanges have sent their proposals although in some cases they were yet to be approved in their extraordinary general body meetings.
Market efficiency was of utmost importance to Sebi and it could be attained only through enhanced investor awareness.
