Cross Listing Coursework Example | Topics and Well Written Essays - 500 words

Cross Listing - Coursework ExampleThe friendship obtains benefits by the economic activities of that foreign country particularly from the financial markets ability to provide greater strength to the market value of that domesticated confederacy.Cross listing is also unity of the methods of diversifying the investors risk profile. By expend in a company which is not a domestic company, allows much more diversification to the local investors as they are without delay subject to different sorts of risk exposures as compared to their other counterparts. These investors are subject to the risk of the economy of that louse up listed companys country.In short, cross listing provides another avenue of financial resources to the domestic company as well as provides a safeguard from a likely hostile takeover. It also provides a greater opportunity and flexibility to the foreign investors in managing and maintaining their portfolio of investments in a diversified manner.Essar Energy pl c is one of the best private groups of India which have substantial investments in both the oil & gas sector as well as the in the power sector. Established in 1989 with petroleum sector only, the company has make remarkable achievements such that the company remained highly successful even in diversifying its operations by investing in refinery and later on, in the power generation and distribution sector.In June 2010, the company cross listed itself in capital of the United Kingdom Stock Exchange after already having a presence in the local form exchanges in India. The company managed to raise net proceeds of around $1.8 billion from the UK investor. This had been the largest IPO subscription in London Stock Exchange after 2007 by any company. Currently, the company is a constituent of FTSE 100 proponent of London Stock Exchange.After a tremendous turnaround and interest of the foreign investors in the lay on the line of the Essar Energy plc, the company