Indian ADRs

Indian ADRs

Indian companies are allowed to raise equity capital in the international market through the issue of GDR/ADRs/FCCBs. Global Depository Receipts (GDR) American Deposit Receipts (ADR) Foreign Currency Convertible Bonds (FCCB) American Depository Receipt:- An American Depositary Receipt ("ADR") is a physical certificate proof ownership of American Depositary Shares ("ADSs"). The term is often used to refer to the ADSs themselves. The stock of many non-US companies trades on US exchanges through the use of ADRs. Global Depository Receipts:- Global Depository Receipt (GDR) - certificate issued by international bank, which can be subject of worldwide circulation on capital markets and 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. Prices of GDRs are often close to values of related shares, but they are traded and settled independently of the underlying share, Normally 1 GDR = 10 Shares. What is ADRs? There are 10 numbers of ADRs(American Depository Receipt)