Write a note on GDR.

1.	Write a note on GDR.
Answer» Global Depository Receipts (GDR) They are the depository receipts denominated in US dollars issued by depository hank to which the local currency shares of a company are delivered. GDR is a negotiable instrument and can be traded freely like any other security. In the Indian context, a GDR is an instrument issued abroad by an Indian company to raise funds in some foreign currency and is listed and traded on a foreign stock exchange.

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