Flipkart says Indian Markets Not Yet Ready for Large Internet Listing

New Delhi: The co-founder of Flipkart, the country's biggest e-commerce company, said on Saturday the country's stock markets were not yet ready for a large Internet listing.

Sachin Bansal's comments at a start-up 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.

But minister of state for finance Jayant Sinha told the same conference that listing of internet stocks on Indian markets would be a big boost for the economy.

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

New Delhi: The co-founder of Flipkart, the country's biggest e-commerce company, said on Saturday the country's stock markets were not yet ready for a large Internet listing.

Sachin Bansal's comments at a start-up 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.

But minister of state for finance Jayant Sinha told the same conference that listing of internet stocks on Indian markets would be a big boost for the economy.

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