Homework answers / question archive / A company proposes to re-issue GDRs, which were surrendered by the foreign investors in exchange for local shares

A company proposes to re-issue GDRs, which were surrendered by the foreign investors in exchange for local shares

Accounting

Share With

---

A company proposes to re-issue GDRs, which were surrendered by the foreign investors in exchange for local shares. This has the following implication:

(a) Such issue is not possible

(b) The GDRs can be re-issued to domestic investors only

(c) The reissue would be constituted as a domestic public offer

(d) SEBI’s pricing guideline will apply

(e) Reissue is possible only to the available headroom

(f) Reissue should be a public offer.