Flipkart’s Sachin Bansal says Indian markets not prepared for large Internet listing

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The new batch marketplace inventory on Indian bourses might have increased view of several impending unlisted companies to take a IPO route, though e-tail hulk Flipkart doesn’t consider a country’s markets have a ardour to catch large-size open issues of Internet companies.

Binny Bansal (left) and Sachin BansalBinny Bansal (left) and Sachin Bansal

Binny Bansal (left) and Sachin Bansal

The co-founder of Flipkart pronounced on Saturday that a country’s batch markets were not nonetheless prepared for a vast Internet listing.

Sachin Bansal’s comments during a startup discussion in New Delhi came days after a rejig in a tip government that was noticed by some as a step toward a batch marketplace listing.

“Indian markets are not nonetheless prepared for a vast Internet association inventory though we would positively adore to list here when a time comes,” he said.

But India’s youth apportion of financial Jayant Sinha told in a same discussion that inventory of Internet bonds on Indian markets would be a large boost for a economy.

India’s marketplace regulator has eased some manners to make it easier for home grown start ups to list their shares on internal bourses.

Earlier this week in a tip government reshuffle, Binny Bansal was named a company’s new CEO and another co-founder Sachin Bansal became Executive Chairman of Flipkart.

The government rejig comes amid talks that a country’s biggest e-commerce association is scheming for an IPO in a US.

With inputs from Reuters