Can we invest in securities of foreign companies.

U

User

Tuesday, 15 June 2010 11:13

Foreign companies securities are not dealt on India stock exchanges. Any security cannot be dealt with unless permitted by SEBI. So, we cannot deal in foreign security directly.

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U

User

Tuesday, 15 June 2010 11:19

Yes i know that it is not possible to invest in foreign securities on Indian stock exchanges. But my question is whether we can invest in the same in foreign exchanges.

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U

User

Tuesday, 15 June 2010 11:24

Good Morning to all friends!

Under the changed regime it is very much possible to invest in foreign securities.The RBI has allowed to remit up to $2,00,000 each financial year for current and capital account transactions which includes this form of investment.In fact ICICIDirect has launched this facility.

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U

User

Tuesday, 15 June 2010 13:31

Hey thanks Chinmoy. You are an asset. I have a icicidirect account let me check out.

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U

User

Tuesday, 15 June 2010 14:58

ya iam also having icicidirect account let me check out

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U

User

Tuesday, 15 June 2010 15:04

Hey Akash do you trade in stock markets.

Yes I found the link in icicidirect account which goes by the name overseas trading. But requires seperate application to be made to be activated.

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U

User

Tuesday, 15 June 2010 18:40

Yes Jayen it requires activation.I know some people are even going long and short on Dow!

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U

User

Tuesday, 15 June 2010 19:17

I enquired it requires a passport to open this facility and one can only trade on nyse.

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U

User

Tuesday, 15 June 2010 19:42

Thanks for sharing it!

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U

User

Tuesday, 15 June 2010 22:05

Thank you too for prompting me to enquire. Hope this topic will be of use for all.

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U

User

Tuesday, 15 June 2010 22:38

I am sure that it would be useful to those who are interested.I also hear that foreign companies will be issuing IDR(Indian Depositiry Receipt) for thier equities in India.

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U

User

Tuesday, 15 June 2010 23:06

Hey that's news man. IDRs thanks for sharing. I have not heard it till now.

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U

User

Tuesday, 15 June 2010 23:08

It's just like GDR ( Global Depository Receipt) which many Indian companies have floated in foreign bourses.

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U

User

Thursday, 17 June 2010 09:58

Do let us know when they will be introduced in Indian markets.

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U

User

Thursday, 17 June 2010 18:04

Recently Stanchart floated its IDR and it was not very enthusiastically received by the market.

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U

User

Friday, 18 June 2010 11:57

Was standard chartered IDR listed on NYSE? Pls tell me if you know.

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U

User

Friday, 18 June 2010 12:03

Well I got the answer IDR is listed on Indian stock exchange and it was India's first IDR.

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U

User

Friday, 18 June 2010 19:25

Standard Chartered PLC is not listed on NYSE.To my knowledge it listed with London and Honkong Stock Exchanges.

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U

User

Tuesday, 22 June 2010 15:14

Wow! thanks for all the information you have provided here. I am planning to buy some of them seems to be a good investment.

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