Markets regulator Sebi on Friday gave certain relaxations to non-resident Indians in respect of holding of depository receipts (DRs) issued by India-listed companies. NRIs can now hold DRs issued by the company under the employee stock option schemes, bonus issue and rights issue, the regulator said. In October 2019, theSecurities and Exchange Board of India (Sebi) barred NRIs from buying DRs issued by India-listed companies. This restriction will not apply in the case of issue of DRs to NRIs, pursuant to share-based employee benefit schemes that are implementedby a company in terms of Sebi (Share Based Employee Benefits) rules, the regulator said in a circular on Friday.
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