How does an Indian IDR holder excise there voting rights in corporate actions?


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IDR holders have voting rights with respect to the Shares underlying the IDRs and will generally be entitled to vote on resolutions of the issuer. IDR holders are entitled to instruct the Depository to exercise voting right in respect of the shares represented by their IDRs subject to the right of the Depository to request certain legal opinion form the issuer’s legal counsel in advance of any such exercise in certain limited circumstances.


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