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Essar Energy has become the largest Indian initial public offering (IPO) in London after it raised £1.3 billion through its premium listing.
It is the second-largest IPO on a public market anywhere in the world, while it also has taken the title of the biggest international company premium listing on the London Stock Exchange's markets since it accepted Eurasian Natural Resources in 2007.
Chief executive officer of the London Stock Exchange Group Xavier Rolet said: "I am pleased that there is a strong pipeline of prospective Indian issuers and am hopeful that over the coming months and years other high-profile Indian companies will follow Essar Energy's lead to market."
Stock market trading may increasingly focus on firms from India if more join the platform.
The London Stock Exchange Group has approximately 3,000 organisations from over 70 countries on its trading platform and was created in October 2007 when the exchange merged with Borsa Italiana.
Posted by Sara Secker
