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InterviewSolution
| 1. |
Explain in detail GDR, ADR, and IDR |
| Answer» Indian Depository Receipt-\xa0IDR is a financial instrument. It is issued by domestic depository to the Indian citizens against the shares of foreign company. IDR is denominated in Indian rupees. It helps issuing company, i.e. foreign companies to raise capital from Indian securities market.Global Depository Receipt-\xa0GDR is issued by a country\'s bank against the shares of a foreign company which is not traded in their domestic stock exchange. GDR is issued in more than one country. It is a negotiable instrument.American Depository Receipt-\xa0ADR is a negotiable instrument. It is issued by American Bank against the shares of foreign company that are traded in U.S. Stock market. ADR is denominated in US Dollars.\xa0 | |