Write notes on the following: Multiple listing.

Multiple Listing SEBI (ICDR) Regulation, 2009, provides that in case of an initial public offer, the company is required to make an application for listing of the specified securities in at least one recognised stock exchange having nationwide trading terminals. Further, it can make an application to one or more recognised stock exchanges for listing of specified securities on such stock exchanges and choose one of them as the designated stock exchange. Thus, a company can list its securities in more than one stock exchange. This is multiple listing. Multiple listing provides arbitrage opportunities to the investors, whereby they can make profit based on the difference in the prices prevailing in the said exchanges.