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Indian Depository Receipts: FAQs
What are Indian Depository Receipts (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. Who can issue IDRs? Any company listed in the country of incorporation can issue
What are Indian Depository Receipts (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. Who can issue IDRs? Any company listed in the country of incorporation can issue
StanChart files for Rs 3,375-cr IDR issue
Eighteen months after starting talks with regulatory agencies, Standard Chartered Bank today filed a draft prospectus to raise up to $750 million (around Rs 3,375 crore) through Indian Depository
Eighteen months after starting talks with regulatory agencies, Standard Chartered Bank today filed a draft prospectus to raise up to $750 million (around Rs 3,375 crore) through Indian Depository
IDR rules to be relaxed to boost participation
Banks may be allowed to invest, QIB cap to be raised.
Banks may be allowed to invest, QIB cap to be raised.
StanChart mulls $1 b IDR issue by June
Global banking giant Standard Chartered Bank today said it is planning to raise up to $one billion (over Rs 4,500 crore) by June through Indian Depository Receipts (IDR). StanChart looking at India
Global banking giant Standard Chartered Bank today said it is planning to raise up to $one billion (over Rs 4,500 crore) by June through Indian Depository Receipts (IDR). StanChart looking at India
StanChart plans IDR issue by June
In what would be the first instance of equity-raising in India by an overseas-listed company, UK-based Standard Chartered Plc. plans to raise up to $ 750 million (Rs 3, 450 crore) through Indian
'We won't look at acquisition without branch network'
While other foreign banks are still shrinking their loan portfolio, Standard Chartered Bank says it is seeing a double-digit growth. In an interview, Neeraj Swaroop, Standard
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