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If for example an Indian company which has issued ADRs in the
American market wishes to further extend it to other developed and advanced countries such as in Europe, then they can sell these ADRs to the public of Europe and the same would be named as GDR. GDR can be issued in more than one country
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Prices of global depositary receipt are based on the values of related shares, but they are traded and settled independently of the underlying share. Typically, 1 GDR is equal to 10 underlying shares, but any ratio can be used. It is a
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which is denominated in some freely convertible currency. GDRs enable a company, the issuer, to access investors in
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Security representing ownership of an underlying number of shares of a foreign company
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of a foreign company and are commonly used to invest in companies from developing or
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backed by those shares. They are the global equivalent of the original
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and can be denominated in any freely convertible currency.
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Interest and redemption price is public in foreign agency
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186:Several international banks issue GDRs, such as
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300:. MBA Skool. Archived from
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223:It is an unsecured security
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