LSE to woo more Indian firms

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September 15, 2005 18:23 IST

Acknowledging the growing importance of Indian companies in the global scenario, London Stock Exchange has created a new post for business development for India and may also set up an office in the country.

"We are making a much bigger effort to be in India and the post of the head of business development for India has been created six months back as part of the strategy to focus on the emerging markets," Hugh Sademan, head for business development, India told PTI.

Besides India, he said the bourse was focussing on China and Russia as part of its strategy to tap emerging markets.

Companies across diverse sectors have shown interest for trading at the bourse, he said, adding that LSE provided a cost effective way for accessing global investment.

Describing India as a sophisticated and dynamic financial market, he said among the emerging markets Russia had a significant appetite while China was looking to increase its the capital flows through the bourses.

About 30 companies are trading on the London Stock Exchange, including three companies on the AIM market.

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