Highlights: 1. Market to be choppy. 2. Book profit at regular intervals.
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What is meant by Global Depository Receipts?
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1. INVESTMENT BASICS
2. SECURITIES
3. PRIMARY MARKET
3.1 ISSUE OF SHARES
3.2 FOREIGN CAPITAL ISSUANCE
4. SECONDARY MARKET
5. DERIVATIVES
6. DEPOSITORY
7. MUTUAL FUNDS
8. MISCELLANEOUS
9. CONCEPTS & MODES OF ANALYSIS
10. RATIO ANALYSIS |
Global Depository Receipts (GDRs) may be defined as a global finance
vehicle that allows an issuer to raise capital simultaneously in two or
markets through a global offering. GDRs may be used in public or private
markets inside or outside US. GDR, a negotiable certificate usually
represents company's traded equity/debt. The underlying shares correspond
to the GDRs in a fixed ratio say 1 GDR=10 shares.
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