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 : 290
Global Depository Receipts (GDRs) are negotiable financial instruments issued by a foreign depository bank, representing a specified number of shares of an Indian company. They are denominated in a foreign currency, usually US dollars or euros, and are traded on international stock exchanges. Through GDRs, domestic companies can access global capital markets without directly listing their equity shares ____ _______ ___ _____ ______ ___ __________ ____ _____ _______ ________.
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Global Depository Receipts (GDRs) are negotiable financial instruments issued by a foreign depository bank, representing a specified number of shares of an Indian company. They are denominated in a foreign currency, usually US dollars or euros, and are traded on international stock exchanges. Through GDRs, domestic companies can access global capital markets without directly listing their equity shares ____ _______ ___ _____ ______ ___ __________ ____ _____ _______ ________.
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