Dual listing facility exists, says FM

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 to him that this arrangement is to be looked into in the Indian context,” Finance Minister Pranab Mukherjee told reporters here.

“There is no assurance as such, but I told him (the South African minister) that we will look into this matter and we will see what can be done,” he said. Asked whether the dual listing can be done under existing laws, he said that is being examined.