relating to GDR

This query is : Resolved 

03 July 2008


Sir,Madam
What is GDR? Why it is created?

03 July 2008 Global Depository Receipt.
It is an instrument to raise finance globally

03 July 2008 Global Depository Receipt.
It is an instrument to raise finance globally


03 July 2008 GDR
If a non resident want to buy the indian companies shares, he cannot directly buy it, so the company will issue GDR's. there will a custodian of GDR's to whom indian shares are issued. he inturn issues GDR's to non-residents.

Pls any one has comments, it would be appreciated if u comment.



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