IDR News
Sebi announces IDR rights norms The Securities and Exchange Board of India (Sebi) has amended capital raising and disclosure norms, allowing issuers of Indian Depository Receipts (IDRs) to launch a rights issue. Also, merchant bankers have been directed to disclose the performance of their past issues as part of the due diligence certificate.
According to Sebi, an IDR issuer will be allowed to come out with a rights issue after making
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