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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. 64
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