Process of issuing ADR and GDR.

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Deepak Rajan asked over 1 year ago

 Process of issuing ADR and GDR.

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10153151 616441875107752 6844265409377433766 n CAKART answered over 1 year ago


1. Convene a Board Meeting to approve the proposed Issue for not exceeding certain value in foreign currency.

2. Convene the Extra ordinary General Meeting for the approval of the shareholders for the proposed GDR Issue under Sec 81(1A) of the Companies Act, 1956.

3. Identify the Agencies.

4. Convene a Board Meeting to approve the Agencies.

5. Appoint the Agencies and sign the Engagement Letters.

6. The Indian Legal Counsel to undertake the Due Diligence.

7. Prepare the first draft of the Information Memorandum (IM) in consultation with the Indian Legal Counsel and submit the same to various Agencies for their comments thereon.

8. Prepare the 2nd/3rd draft of IM incorporating the comments.

9. The Listing Agent to submit the IM with the overseas Stock Exchange for their comments and In principle Listing Approval.

For more details visit All about ADR and GDR

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