Jun 20, 2021

Big Tech Is Going Public in India

Posted by in categories: finance, internet

That could reshape the Indian market, which has very few internet companies. While big tech firms are among the largest listed companies in China and the U.S., energy, financials and IT outsourcers currently dominate the Indian market. Reliance Industries —India’s biggest listed company, controlled by the country’s richest man—is pivoting away from oil and gas and last year secured investments from Facebook and Google for its tech unit, Jio Platforms.

Companies such as Zomato, Flipkart and fintech giant Paytm are considering initial public offerings in what could be a transformative moment for India’s stock market.

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