Which are the intermediaries involved in issuance of IDRs?

Overseas Custodian Bank

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Domestic Depository

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Merchant Banker registered with SEBI

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All of the above

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Solution

The correct option is B All of the above
IDR is a form of Depository receipt. It is created by a domestic depository. It is an instrument denominated in Indian Rupees. The intermediaries involved in issuance of IDRs are:
a) Overseas Custodian Bankb) Domestic Depository
c) Merchant Banker registered with SEB.

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