IDR (Indian Depository Receipt) FAQs

Define NCD Public issue.

To raise long-term capital via public issues, companies issue NCDs and then collect the money from the public. It is listed on stock exchanges and can be traded as a tradable instrument.


Who is liable authority for IDR holders Grievances?

Indian securities laws and regulations govern IDRs. Grievance redress mechanisms will be the same as those for equities in India.


How can a person who holds IDR in India practice their voting rights in corporate office?

IDR holders are entitled to vote on the resolutions of the issuer with regard to the Shares that underlie the IDRs. IDR holders have the right to ask the Depository for their voting rights in relation to the shares represented …


The Indian securities regulations and reporting rules will vary from one country to the next. Is the issuer going to change its global reporting practices?

The IDR Listing Agreement states that the issuer will be subject to the reporting regime in place in the country where it is listed.


Who is eligible to hold IDRs?

The current Indian rules and regulations allow IDRs to be purchased, transferred, and held by Indian residents, as well as foreign institutional investors (FIIs), and non-resident Indians (NRIs). This includes SEBI-approved sub-accounts that FIIs have registered with SEBI.


How does IDR can be traded?

IDRs can be traded on Indian stock exchanges as soon as they are listed and issued. This will be in the same way that other listed securities in India can be traded. Investors will receive IDRs in dematerialized form, with …


What do you mean by IDR?

IDR is Indian Depository Receipt. An Indian Depository Receipt (IDR) is a receipt issued by an Indian depository. It is denominated using Indian Rupees. Each IDR represents an ownership interest in a set number of shares or fractions of shares …