A blawg containing a periodic review of topics of interest in corporate and commercial law that impact India
Wednesday, March 31, 2010
IDR Offering Document
Here is the draft red herring prospectus for the first ever offering of Indian depository receipts (IDRs) proposed by Standard Chartered Bank. Particularly interesting is the section titled “Frequently Asked Questions on the IDR Facility” on pages 42-51 that provides details of operation of the IDR mechanism.