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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

What is a GDR (Global Depository Receipt)? - Commerce

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Question

What is a GDR (Global Depository Receipt)?

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Solution

GDR is an instrument issued abroad by a company to raise funds in some foreign currencies and is listed and traded on a foreign stock exchange.

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Global Depositary Receipt (GDR)
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Chapter 20: International Finance - Exercises [Page 208]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 20 International Finance
Exercises | Q II. 3) | Page 208
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