TCS (Tata Consultancy Services) is believed to opt for a secondary listing in London Stock Exchange according to unconfirmed company reports.
It is believed that TCS opted LSE instead of NYSE or Nasdaq because of the growing regulatory requirements in the US which drills a hole in many companies balance sheets. These are regulations such as Sarbanes-Oxley and FASB.
TCS still has time to decide where to list, as it is barred from making a secondary listing until 15 months after its original flotation last August.
It is believed that TCS opted LSE instead of NYSE or Nasdaq because of the growing regulatory requirements in the US which drills a hole in many companies balance sheets. These are regulations such as Sarbanes-Oxley and FASB.
TCS still has time to decide where to list, as it is barred from making a secondary listing until 15 months after its original flotation last August.
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