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What are Indian Depository Receipts IDRs and Who can issue IDRs

What are Indian Depository Receipts IDRs and Who can issue IDRs

What are Indian Depository Receipts  IDRs and Who can issue IDRs
What are Indian Depository Receipts IDRs and Who can issue IDRs

 

IDRs are like American Depository Receipts or Global Depository Receipts, except that the issuer is a foreign company raising funds from the Indian market.

IDRs are rupee-denominated and created by a domestic depository against the underlying equity shares of a foreign company.

Any company listed in the country of incorporation can issue IDRs.

Besides, the issuer needs to fulfill the other conditions as prescribed above.

 

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