Introduction: Recalling the historic feat of his company Infosys, becoming the first Indian company to get listed on Nasdaq USA Stock Exchange in 1999, the Infosys cofounder Shri Narayan Murti has remarked, "It was a small step for Nasdaq, but a giant LEAP for Indian IT (industry)”. Back then in 1999, Infosys has to take the more tedious and stringent route of the American Depository Receipts (ADRs), for Nasdaq listing, as there was no regulatory framework for Direct Listing ecosystem in India.

Another interesting anecdote pertains to the Vedanta Chairman, Shri Anil Aggarwal. He has once shared that he had to cycle for hundred kilometers with his foreign investors, to Oxford, to enable finances for his company Vedanta, to become the.