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of <h1>Foreign Companies Must Meet SEBI Criteria to Issue Indian Depository Receipts, Including Capital, Turnover, and Profitability Requirements.</h1> An issuing company is eligible to issue Indian Depository Receipts (IDRs) if it meets specific criteria: it must have a pre-issue paid-up capital and free reserves of at least US$ 100 million, and an average turnover of US$ 500 million over the past three financial years. Additionally, it must have been profitable for at least five years, declaring a minimum 10% dividend annually during this period. The company's pre-issue debt-equity ratio should not exceed 2:1. Furthermore, it must comply with the eligibility criteria set by the Securities and Exchange Board of India (SEBI).
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