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relating to GDR

This query is : Resolved 
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(Querist)
03 July 2008


Sir,Madam
What is GDR? Why it is created?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
03 July 2008 Global Depository Receipt.
It is an instrument to raise finance globally
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Amit Bajaj

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Amit Bajaj (Expert)
03 July 2008 Global Depository Receipt.
It is an instrument to raise finance globally
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CA Anand Sarda

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CA Anand Sarda (Expert)
03 July 2008 GDR
If a non resident want to buy the indian companies shares, he cannot directly buy it, so the company will issue GDR's. there will a custodian of GDR's to whom indian shares are issued. he inturn issues GDR's to non-residents.

Pls any one has comments, it would be appreciated if u comment.
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