Question
Which of the following statements correctly describes
the meaning of Indian Depository Receipt (IDR)?Solution
Indian Depository Receipt (IDR) is a financial instrument denominated in Indian Rupees in the form of a depository receipt. The IDR is a specific Indian version of the similar global depository receipts (GDR) It is created by a Domestic Depository (custodian of securities registered with the SEBI) against the underlying equity of issuing company to enable foreign companies to raise funds from the Indian securities Markets. The foreign company IDRs will deposit shares to an Indian depository. The depository would issue receipts to Indian investors against these shares. The benefit of the underlying shares (like bonus, dividends etc.) would accrue to the depository receipt holders in India.
Mary said, “I have to be there by 10 am tomorrow.”
Inference- Sports and empowerment of women
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Select the correctly punctuated sentence from the options below.
Select the wrongly spelt word.
Vivek repented ______ what he had done.
Select the option that expresses the given sentence in reported speech.
The manager said to his employees, “As it is high time for the compa...
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