Are there any fees and charges payable by IDR Holders to the Depository with respect to the IDRs?
IDR Holders are required to pay a fixed fee of US$0.05 or less (exchanged into INR at prevailing exchange rates) per Share evidenced by [*] IDRs upon a withdrawal of the Shares from the IDR Facility and on the issue of any future IDRs (other than the Issue). For services performed by the Depository, any of the Depository’s agents, including the Custodian, or the agents of the Depository’s agents in connection with the IDRs, in relation to the servicing of Deposited Shares or other Deposited Property, IDR Holders will be charged a fee of US$0.016 or less per Share evidenced by [*] IDRs (and a proportionate amount where an IDR Holder holds less than [*] IDRs representing less than a Share), and that amount will be deducted by the Depository from each cash dividend or other cash distribution received by the Depository on or in respect of the underlying Shares or other Deposited Property.
Related Questions
- What periodic charges or fees will be payable and what method is used to determine these fees? What are the components of the maintenance fee?
- DISPUTES IN RELATION TO THE IDRs How can IDR Holders enforce the obligations of the Depository and the Company?
- Are there any ongoing fees or charges payable to Intervest Global?
