Singapore Exchange · Consumer Cyclical
Invest in ST Group Food Industries stock from India
Indian and foreign residents can buy ST Group Food Industries (DRX) shares directly through Paasa.
By Paasa · Updated
ST Group Food Industries at a glance
- Price
- S$0.12+S$0.00 (0.00%)
- Market cap
- S$30.31M
- Day range
- S$0.10 – S$0.12
- P/E
- —
- Dividend yield
- —
- Volume
- 70.10K
- 1 month
- +3.48%
- 6 months
- -7.75%
- YTD
- -19.59%
- 1 year
- -12.50%
- 5 years
- -15.00%
How to invest in ST Group Food Industries 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 SGD when you buy.
Step 3
Search DRX and buy
Find ST Group Food Industries by name or by its ticker, DRX, and place your order.
Why invest in ST Group Food Industries from India
What ST Group Food Industries does
ST Group Food Industries Holdings Ltd. operates restaurants through its subsidiaries. It operates through the following business segments: Food and Beverage Retails, Supply Chain, Franchise, and Others. ST Group Food Industries operates in the Restaurants 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 ST Group Food Industries stock from India?
Yes. Indian residents and NRIs can buy ST Group Food Industries (DRX) shares directly through Paasa. ST Group Food Industries is listed on the Singapore Exchange, in the Restaurants 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 ST Group Food Industries dividends taxed for Indian investors?
ST Group Food Industries trades on the Singapore Exchange but is domiciled in Australia, so any withholding on its dividends follows that country's rules rather than those of Singapore. 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 ST Group Food Industries shares?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs. 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 SGD/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.