Write short note on Global Depository Receipt.
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A Global despository reciept(or GDR) is a bank certificate issued in more than one country for shares in a foreign country.these shares are held by a foreign branch of an international bank.these shares trade like domestioc shares, trade like domestic shares, but these are offered for sale globality through various branches of bank
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The company sells Private placement securities to sophisticated and accredited investors only.
Specific business activities are analysed and disclosed in such a scenario through Disclosure documents.
It is a receipt which a depository bank can give which gives permission to buy shares related to other countries to keep stability and security.
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