Toronto Stock Exchange · Consumer Cyclical
Invest in Richards stock from India
Indian and foreign residents can buy Richards (RIC) shares directly through Paasa.
By Paasa · Updated
Richards at a glance
- Price
- CA$29.55-CA$0.03 (0.10%)
- Market cap
- CA$314.65M
- Day range
- CA$29.16 – CA$29.80
- P/E
- —
- Dividend yield
- —
- Volume
- 2.60K
- 1 month
- -10.29%
- 6 months
- +8.44%
- YTD
- -4.31%
- 1 year
- -15.21%
- 5 years
- -53.45%
How to invest in Richards 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 RIC and buy
Find Richards by name or by its ticker, RIC, and place your order.
Why invest in Richards from India
What Richards does
Richards Group, Inc. operates as a holding company engaged in glass and plastic packaging businesses. It serves customers in the food and beverage, as well as cosmetic sector. Richards operates in the Packaging & Containers industry within the Consumer Cyclical 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 Richards stock from India?
Yes. Indian residents and NRIs can buy Richards (RIC) shares directly through Paasa. Richards is listed on the Toronto Stock Exchange, in the Packaging & Containers industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
What tax do I pay in India when I sell Richards 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.