Eligibility conditions for IDR issuance require home-country listing, market compliance, promoter fitness, and prescribed issue safeguards. Issuance of Indian Depository Receipts is permitted only where the issuer meets home-country listing and regulatory compliance criteria, none of its ... Summary
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Eligibility conditions for IDR issuance require home-country listing, market compliance, promoter fitness, and prescribed issue safeguards.
Issuance of Indian Depository Receipts is permitted only where the issuer meets home-country listing and regulatory compliance criteria, none of its promoters or directors is a fugitive economic offender, and specified operational conditions apply. These include a minimum issue size, single denomination of IDRs, prior listing of underlying shares in the home country with pari passu rights, in-principle listing application and designated stock exchange, a depository dematerialisation agreement, verified financing arrangements for the project portion funded from proceeds, and a cap on amounts for general corporate purposes.
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