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Depository Receipts
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What is/are the eligibility criteria of foreign issuing company to issue Indian Depository Receipts (IDRs)?
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A
All of the above
💡 Explanation:
IDR is a form of Depository receipt. It is created by a domestic depository. It is an instrument denominated in Indian Rupees. The eligibility criteria of foreign issuing company to issue Indian Depository Receipts are:
a) Pre issue paid up capital and free reserves of at least US$ 50 million b) A continuous trading record or history on a stock exchange
c) Listed in home country and not been prohibited to issue securities.