Nasdaq Dubai is looking east to grow its number of listings.
Officials at the bourse visited India this week to meet entities that already have links to the Arabian Gulf region. "The companies are exploring options to raise capital through equity, including global depositary receipts, as well as through debt, exchange-traded funds, real estate investment trusts and other products," Nasdaq Dubai said.
Alpen Capital led the roadshow. The Dubai investment bank has offered advisory services to many Indian companies looking to grow in the Gulf region through "strategic acquisitions, raising capital or partnering with high-profile companies", the bourse said.
The investment bank has "partnered with the Federation of Indian Chambers of Commerce and Industry to introduce" the Dubai exchange to prospective companies, it said.
The Gulf states combined account for India's largest trading partner. However, links in the capital markets have "been lagging behind", the statement said.
The bourse, which suffers from low volumes on equity trading, has been actively seeking debt listings from Dubai entities. The exchange is controlled by the Dubai Financial Market, which owns a two thirds stake. Borse Dubai owns one third of Nasdaq Dubai.
