Dual listing of MTN possible: FM

The government said that it is open to the dual listing of MTN, which is in exclusive talks with Bharti for a merged entity of $23 bn, on the stock exchanges of India and South Africa as there is a provision to this effect.

The South African Government is learnt to have sought dual listing for MTN that would allow MTN shares to be traded on the Indian and South African bourses simultaneously with equal voting rights.

“There is a provision for the dual listing of companies. The South African minister met me at G-20 finance ministers meeting, and there I suggested him that this arrangement is to be looked into in the Indian context," Finance Minister Pranab Mukherjee, said.