29/01/2007 AIM supports growth in India
29 January 2007
AIM supports growth in India
The London Stock Exchange welcomed
the Finance Minister of India, Hon Shri P. Chidambaram today, who gave an address to a selected audience of senior business figures and finance professionals from the City of London.
Hon Sri P. Chidambaram is currently on an official visit to the United Kingdom, and his speech at the London Stock Exchange highlights the growing links between the Exchange, the London financial community and India. There are currently a total of 23 Indian companies listed on the Exchange's markets. Last year saw 12 companies float, raising $2,868,249,030, making London the most popular overseas exchange for Indian firms looking to raise capital.
Of particular interest to Indian companies in recent years has been AIM, the Exchange's global market for smaller growing companies - there are currently 13 Indian companies quoted on AIM, and 2006 saw 10 new additions, including companies from the power generation, infrastructure and property development sectors.
The London Stock Exchange is the world's most international equities market, during 2006 the Exchange attracted 107 international IPOs from companies incorporated in 26 countries. Between them, these international companies raised £14.0 billion, of which £2.9 billion was raised on AIM. A total of 367 companies conducted IPOs on the Exchanges markets in 2006, and more money was raised by IPOs on the London Stock Exchange than any other global market.