I have never claimed that I can predict well. However having been a broker and having dealt with bankers, I made two predictions – both went wrong. 1. When the Standard Chartered IDR was lapped up by the Indian population, I had predicted on this blog and said ‘now there will be a spate of […]
I have been inundated by brokers and issue managers alike about why the Stan C public issue of IDR (Indian Depository Receipt) is such a great product. I agree. I would love to have a big global bank with aggressive growth plans in markets like Asia, Africa, …and other parts. So inspite of the fact […]
This is second in the series of what is an Idr..let us see who are the participants: Main Players: Issuer Company, Overseas Custodian, the domestic depository, and the Registrar and Transfer Agent Issuer company: Foreign Listed Company – i do not know whether there is any quality criteria. The investor gets an exposure to the […]
What is an IDR? IDR is Indian Depository Receipts issued by a domestic depository in India and denominated in Rupees. It represents an ownership interest in a fixed number of underlying equity shares of the Issuing company. These shares are called Deposited Shares. Why should a company issue an IDR? A foreign company which cannot […]