linkedin
BROUGHT TO YOU BY
Exclusive Access, Inclusive Growth

WELCOME TO ET PRIME

BROUGTH TO YOU BY
Exclusive Access, Inclusive Growth

Markets

1
Markets

An idea that failed: The IDR market may collapse with Standard Chartered’s global share buyback

The Indian Depository Receipt (IDR) channel for foreign companies to tap the country’s capital markets has almost closed with the failure of the experiment by Standard Chartered. Taxation, regulatory, policy, and foreign-exchange issues have stifled the IDR market, because of which the instrument has failed to catch the imagination of local and foreign investors.

[[^message]]

Result

[[/message]] [[#message]]

[[message]]

[[/message]]