SEBI has written to the Ministry of Finance and the Reserve Bank of India to curb the practice whereby holders of ADRs/GDRs pass on their voting rights to boards or managements of the companies in which they hold these instruments. As the Economic Times reports : The Securities & Exchange Board of India (Sebi) has recommended a change in current rules to allow holders antibiotics buy online of American Depository Receipts or Global Depository Receipts issued by Indian corporates to exercise their voting rights, raising the possibility of increased shareholder activism in future. Depository receipts, or DRs, are securities issued to overseas investors by Indian companies.
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