Renunciation rights allow IDR holders to transfer offered IDRs to others, subject to home jurisdiction laws and disclosure. Regulation 215 deems that, unless the issuer's home jurisdiction law provides otherwise, a rights issue of Indian Depository Receipts includes a renunciation right allowing the IDR holder to renounce offered IDRs in favour of any other person, subject to applicable laws, and requires disclosure of this right in the offer document.