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of <h1>SEBI Amends IDR Rights Issue Rules: Minimum 10-Day Subscription Period, Allotment Letters Sent Simultaneously to IDR Holders</h1> A rights issue for Indian Depository Receipts (IDRs) must remain open for subscription in India for at least ten days or as per the laws of the issuing company's home country, whichever is longer. The issuing company is required to send allotment letters to IDR holders simultaneously with the shareholders in its home country or any other jurisdiction where its securities are listed. These provisions were amended by the Securities and Exchange Board of India (SEBI) in 2011 and 2015 to ensure compliance with international regulations.
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