Conditions for issue of IDRs: prescribed minimums, proportionate institutional allocation and reserved retail and employee allocations. An issue of Indian Depository Receipts must satisfy conditions including a prescribed minimum issue size, disclosure in the prospectus of application procedures and minimum application amount, proportionate allotment of a majority portion to qualified institutional buyers, allocation of the balance among non institutional, retail and employee categories with a reserved retail share and proportionate allotments within categories, and a defined scope of 'employee'.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Conditions for issue of IDRs: prescribed minimums, proportionate institutional allocation and reserved retail and employee allocations.
An issue of Indian Depository Receipts must satisfy conditions including a prescribed minimum issue size, disclosure in the prospectus of application procedures and minimum application amount, proportionate allotment of a majority portion to qualified institutional buyers, allocation of the balance among non institutional, retail and employee categories with a reserved retail share and proportionate allotments within categories, and a defined scope of "employee".
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