what is the difference between IDR(Indian Depository Reciepts) and shares issued through pure IPO route?
Thnx in advance!!
Menu
IDR
Replies (2)
In case of the IPO route, the foreign company directly issues shares in India to investors.
In case of IDRs, the foreign company delivers its foreign currency denominated shares to a depository through a custodian bank. The depository then issues proportionate IDRs which represent those underlying shares to the foreign company. The company then issues these IDRs to the investors and these IDRs are freely traded in the stock markets
In General Terms, IDR holders dont have voting Right,while Equity Share holders possess such rights.
Recent Topic
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
Related Topics
CAclubindia
