About 50 Indian companies approach Toronto Stock Exchange for listing: Official

"About 40-50 companies have expressed their interest to list with us. They are from various segments, including mining, power, oil and gas, clean technology, film production and agriculture," TSX Senior Vice-President, Ungad Chadda, told reporters here.

TSX is focused on small-and-medium-enterprises, unlike NASDAQ which prefers large cap companies, he said. In TSX, he said, fees are extremely competitive and supportive to the secondary market.

To list on the TSX, depending on the complexity of the company, it takes about 3-6 months time, he said. The main advantages of listing on the TSX are the overall value, which a company receives in terms of market leadership, low cost of listing, supportive financial network and legal environment, cross border capabilities, industry support and access to capital, he said.

Many Indian investors such as Aditya Birla Group, Essar Steel, GMR Group, Tata Steel have acquired TSX-listed companies. The bourse number one exchange for the Mining, Oil and Gas and Clean Technology sectors, he said.

TSX is Canada's premier exchange and lists about 1,541 large issuers with a market capitalisation of 1.26 trillion dollars.

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