Question
What are Global Depository Receipts? Discuss the main features of Reserve Bank of India's Depository Receipts Scheme 2014 for their issuance.
Answer :
Word Count : 313
Global Depository Receipts (GDRs) are financial instruments issued by a foreign depository bank that represent ownership in the shares of a domestic company. They enable companies to raise capital from international markets without the need to list directly on foreign stock exchanges. GDRs are typically denominated in widely accepted foreign currencies, such as the US dollar or Euro, and can be traded ___ ________ _________ ____ _________ ____ _______ __________ _________ _____ _________.
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Global Depository Receipts (GDRs) are financial instruments issued by a foreign depository bank that represent ownership in the shares of a domestic company. They enable companies to raise capital from international markets without the need to list directly on foreign stock exchanges. GDRs are typically denominated in widely accepted foreign currencies, such as the US dollar or Euro, and can be traded ___ ________ _________ ____ _________ ____ _______ __________ _________ _____ _________.
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