S\\\'pore Exchange opens India office to attract listings

MUMBAI, July 23 (Reuters): Singapore Exchange Ltd has opened an office in Mumbai to attract listings and capital raising from India at a time when the Narendra Modi government is also seeking to allow more companies to raise funds abroad.

Finance Minister Arun Jaitley said earlier this month the country would liberalise norms for real estate investment trusts (REITs) and American and global depositary receipts from domestic companies.

"Our India Office will enable us to better support Indian enterprises seeking to raise capital," said Magnus Bocker, CEO of SGX in the statement.

"We look forward to working with partners in India to assist companies in reaching out to the international investment community."