Indian markets not yet ready for large Internet listing: Flipkart CEO Sachin Bansal

Sachin Bansal, CEO and Co-founder, of Flipkart Said at startup conference “Indian markets are not yet ready for a large Internet company listing but we would absolutely love to list here when the time comes,” he said.

“The country’s stock markets were not yet ready for a large Internet listing”, The co-founder of Flipkart <IPO-FLPK.N>, India’s biggest e-commerce company, said on Saturday.

Sachin Bansal’s comments at a startup conference in New Delhi came days after a rejig in the top management that was viewed by some as a step toward a stock market listing.

“Indian markets are not yet ready for a large Internet company listing but we would absolutely love to list here when the time comes,” he said.

India’s junior minister of finance Jayant Sinha told the same conference that listing of Internet stocks on Indian markets would be a big boost for the economy.

India’s market regulator has eased some rules to make it easier for home grown start ups to list their shares on local bourses.

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