Indian Depository Receipts
Indian Depository Receipts (IDRs): Concept to Commissioning
Introduction
The capital markets have seen a steady growth, despite the international disturbances like Iraq war, terrorism threats and other natural calamites. The favorable liquidity condition and macro environmental factors accelerated further growth in Asian markets. These factors have increased the demand for Asian equities.
Listing in the stock exchanges world over is an opportunity for the firms to raise funds globally. But there are several other aspects of listing in foreign stock exchanges besides just fund raising activity. Firms are using Depository Receipts as a vehicle either to sell stake or control blocks or as a means to change their governance structure. Firms incorporated in a jurisdiction with weak investor protection rights, often try to list themselves to more developed securities markets to legally bond themselves to higher disclosure standards and stricter enforcement. This in turn......
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Approximate Word Count: 2105
Approximate Pages: 9 (250 words per double-spaced page)
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