IIPM : HOLD YOUR HORSES... WE NOW HAVE IDRS!

IIPM PUBLICATION
When the returns offered by Indian financial markets are amongst the best in the world – and with Indian stock markets at an all time high – IDRs (or Indian Depository Receipts) aren’t a bad idea at all! Though the concept of IDRs was propounded way back in the Companies Act (Amendment) Bill 1997, the government is yet to arrive at a final conclusion. After opening Qualified Institutional Buyer (QIB) placement route for listed Indian firms to raise funds in the domestic market, SEBI now intends to introduce the Indian Depository Receipts channel for overseas firms to tap the Indian markets for funds in the 2006. With Asian economies, especially India and China, leading the world’s growth in the near future, the Indian economy surely presents great opportunities for foreign companies to look for funds.

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Source :- IIPM Editorial, 2006

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