Current Affairs

GK MCQs Section
Q. What is an Indian Depository Receipt (IDR)?
Answer: An instrument in the form of a depository receipt.
Notes: An Indian Depository Receipt (IDR) is a financial instrument denominated in Indian Rupees, issued by a domestic depository against the equity shares of a foreign company. IDRs are listed and traded on Indian stock exchanges. The concept was introduced under Section 605A of the Companies Act, 1956 and regulated by SEBI. The first IDR was issued by Standard Chartered PLC in 2010.
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