Question

what is global depositary receipts?

Answer 1

$hey \: dear \: here \: is \: your \: answer$
⭐️<============================>⭐️


⏹Global Depositoq Receipts (GDR’s): the local currency shares ofacompanyaredeltveredtothe depository bank. The depository bank issues depository receipts against these shares. Such depository receipts denominated In US dollars are known as Global Depository Receipts (GDR). GDR is a negotiable instrument and (an be traded freely like any other secm‘lty. 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. A holder of GDR can at any time convert it into the number of shares it represents. The holders of GDRs do not carry any voting rights but only dividends and capital appreciation. Many Indian companies such as Infosys. Reliance, Wipro and ICICI have raised money through issue of GDRs.

☺$hope \: this \: helps \: you \:$
✌✌✌

Answer 2

heya mate
here is ur answer


♢ Global depositary reciepts are receipts which purchases shares of foreingn companies .
They also creates a security on local exchange backed by those shares .
The shares are hold by the foreign branch of an international bank


hope it helps