IFSCA prescribes framework for listing of Depository Receipts
The International Financial Services Centres Authority (IFSCA), has prescribed the regulatory framework for listing of Depository Receipts (DRs). With an objective to develop the financial products and financial services in the Gujarat International Finance Tec-City International Financial Services Centre
The framework enables the eligible listed companies to raise capital through issuance and listing of DRs on the stock exchanges in GIFT IFSC. Source: Website