Investor Presentaiton
Indian Depository Receipts (IDRS)
Companies incorporated outside India may issue IDRS through a Domestic
Depository, to persons resident in India and outside India, subject to the
following conditions
(1) the issue of IDRS is in compliance with the Companies (Registration of
Foreign Companies) Rules, 2014 and the Securities and Exchange Board of India
(Issue of Capital and Disclosure Requirements) Regulations, 2009;
(2) any issue of IDRS by financial/ banking companies having presence in India,
either through a branch or subsidiary, shall require prior approval of the sectoral
regulator(s);
(3) IDRS shall be denominated in Indian Rupees only;
(4) the proceeds of the issue of IDRS shall be immediately repatriated outside
India by the companies issuing such IDRs.
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