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प्रश्न
Write short notes on Global Depository Receipt :
उत्तर
Global Depository Receipt :
Introduction—Globalisation has facilitated Indian Companies to raise international finance by issuing shares to NRIs. But listing of shares in foreign stock exchanges is complicated, rigid and lengthy process. Avoiding such complications, an Indian company can get its shares listed on Foreign Stock Exchanges, using GDRs and ADRs.
Meaning—GDR and ADR are Dollar/Euro denominated instruments traded on foreign stock exchange, containing fixed number of shares. The 'Depository Banks' issue GDRs and ADRs to investors against Indian companies shares. Their holders get same rights like Indian shareholders. If the depository receipt is traded in USA, it is called ADR and if the depository receipt is traded in any country other than USA it is called GDR.
Advantages—They are the means of investment for NRI's and foreign nationals wanting to invest money in India.
APPEARS IN
संबंधित प्रश्न
Write a word / term/ phrase which can substitute the following statement.
Depository Receipt traded in the countries other than the U.S.A.
The organisation which acts as intermediary between investors and depository.
Depository Act was passed in _______.
An acknowledgement of the deposit accepted by a company.
Acceptance of deposit
The depository participant has _______ number for identification.
Write notes on (Any Three)
Constituents and concepts in Depository system.
Write Short Note on:
Depository.
Give the full form of GDRs.
What is GDR?
Explain the advantages of Global Depository Receipts (GDRs).
Explain the disadvantages of Global Depository Receipts (GDRs).
Explain the role of GDRs as sources of finance for Indian industries.
