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Sebi issues guidelines for IDR conversion

Last Updated: Friday, March 01, 2013, 22:41

IDRs are generally instruments denominated in rupees and allow overseas companies to raise funds from the Indian market.

SEBI notifies norms to allow IDR fungibility

Last Updated: Wednesday, February 27, 2013, 20:57

With an aim to attract a large number of foreign companies to get listed in Indian stock market, SEBI on Wednesday notified norms that will allow conversion of their Indian Depository Receipts (IDRs) on domestic bourses into equity shares by the investors.

Govt amends rules to allow IDR conversion into shares

Last Updated: Monday, October 08, 2012, 19:33

The amendment, notified by the Ministry of Corporate Affairs (MCA) in the Companies (Issue of Indian Depository Receipts) Rules, have come into effect from October 1, as per a ministry notification.

StanChart jumps 5% on Sebi move on IDR conversion

Last Updated: Wednesday, August 29, 2012, 22:37

Standard Chartered on Wednesday jumped by over 5 percent on Indian bourses after financial sector regulators RBI and Sebi allowed partial flexibility in conversion of Indian Depository Receipts (IDRs) into equity shares by investors.

RBI, Sebi allow flexibility for IDRs; issuance capped at $5 bn

Last Updated: Tuesday, August 28, 2012, 22:06

Financial regulators -- RBI and Sebi -- on Tuesday allowed partial flexibility in conversion of Indian Depository Receipts (IDRs) into equity shares by investors, while capping the funds to be raised through IDRs at USD 5 billion.