Depository Receipt capital security market economics notes



Posted on 12-05-2016        By ADMIN



Depository Receipt capital security market economics notes

cs executive economics and commercial law notes

cs executive capital and security market notes

cs executive company law 2013 notes

 â€˜DepositoryReceipt’(DR)

 means a negotiable security issued outside India by a Depositorybank, on behalf of an Indian company, which represent the local Rupeedenominated equity shares of the company held as deposit by a Custodian bank inIndia. DRs are traded on Stock Exchanges in the US, Singapore, Luxembourg, etc.DRs listed and traded in the US markets are knownas American DepositoryReceipts (ADRs) and those listed and traded anywhere/elsewhere are known asGlobal Depository Receipts (GDRs). DRs are governed by R.B.I



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