Toronto Stock Exchange · Energy
Invest in Paladin Energy stock from India
Indian and foreign residents can buy Paladin Energy (PDN) shares directly through Paasa.
By Paasa · Updated
Paladin Energy at a glance
- Price
- CA$9.37+CA$0.07 (0.75%)
- Market cap
- CA$4.21B
- Day range
- CA$9.29 – CA$9.63
- P/E
- —
- Dividend yield
- None
- Volume
- 49.15K
- 1 month
- -16.56%
- 6 months
- -8.23%
- YTD
- +7.95%
- 1 year
- +24.44%
- 5 years
- —
How to invest in Paladin Energy from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to CAD when you buy.
Step 3
Search PDN and buy
Find Paladin Energy by name or by its ticker, PDN, and place your order.
Why invest in Paladin Energy from India
What Paladin Energy does
Paladin Energy Ltd is a uranium production company with a 75% ownership of the Langer Heinrich Mine in Namibia. The company also has an extensive portfolio of exploration assets in Canada within the Athabasca Basin and at the Michelin project in Newfoundland and Labrador, as well as uranium exploration assets in Australia. Paladin Energy operates in the Uranium industry within the Energy sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Paladin Energy stock from India?
Yes. Indian residents and NRIs can buy Paladin Energy (PDN) shares directly through Paasa. Paladin Energy is listed on the Toronto Stock Exchange, in the Uranium industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
How are Paladin Energy dividends taxed for Indian investors?
Paladin Energy trades on the Toronto Stock Exchange but is domiciled in Australia, so any withholding on its dividends follows that country's rules rather than those of Canada. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Paladin Energy shares?
In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the CAD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.