TOI 11 Oct 2019 : Kolkata : Easier for India Inc to raise funds overseas
Mumbai : In an attempt to make it easier for Indian companies to raise money abroad, markets regulator SEBI on Thursday issued a framework for domestic companies to offer depository receipts (DRs) under depositary receipts scheme 2014. Finance minister Nirmaja Sitharaman had recently said Sebi would issue detailed guidelines for domestic companies to take the DR route for fund mobilisation, which was earlier held up due to some concerns raised by the regulator.