Indian Businesses Takes the Isle of Man route to London listing

The continued trend amongst Indian businesses to incorporate in the Isle of Man whilst raising funds via a listing on London's Alternative Investment Market (AIM) was highlighted by leading offshore legal adviser, Cains, during a visit to India earlier in April. Of the 15 non-UK countries that host AIM 100 companies, the Isle of Man continues to lead by number (12)[1] and combined market capitalisation (£4586.92m)[2], supporting the Isle of Man's growing reputation as the preferred jurisdiction for overseas companies listing in London. 

Indian companies feature prominently as India's strong economic growth has propelled the country to the top of this list; Indian companies incorporated in the Isle of Man and listed on AIM represent a significant proportion of the Isle of Man's AIM total with a combined market capitalisation of over £2.2billion. There has also been a significant increase in Indian companies using the Isle of Man as a tax effective platform for global expansion plans.  

Cains plays a prominent role in the listing process.   The firm is the number one legal adviser to Isle of Man companies listing on exchanges around the world and to the AIM 100 by combined client market capitalisation (£4409 million)[3] and number of clients (8)[4].  Cains' lawyers work closely with London and Indian-based advisors to support Indian companies and investment funds in their flotations and M&A activity.  The firm's Indian clients are involved in a broad range of industry sectors including real estate, utilities and media, with recent examples of Indian companies routing through the Isle of Man including KSK Power Venture Plc, Unitech Corporate Parks Plc, Promethean India, Dhir India Investments and DQ Entertainment plc.