Answer Posted / arvind sharma (usms)
Global Depository Receipts is a certificate issued by
investment banker to general public against the issue of
shares of some foreign country .
If any company wants to issue GDR to raise funds from
foreign; Firstly it has to contact with the merchant
banker of home country & also have to make approval from
RBI, then it contacts with the investment banker of foreign
company, then investment banker will purchase the shares
from the merchant banker & then issue it to public through
green shoe option. When we not do not want money from the
foreign then we buy shares from foreign public & shares
came back to India.
Reliance Industries Ltd. was the first company to raise
funds through a GDR issue.
| Is This Answer Correct ? | 83 Yes | 10 No |
Post New Answer View All Answers
What is the difference between GDP and GNP?
what is a good sales to stock ration for a retail store?
What is our current stock price?
Have you ever done anything regarding your weaknesses?
What Will Happen In My Chapter 7 Case After I File All These Documents?
what do you mean by private equity transactions?
What's Purchase and selling of foreign currency?
What is depreciation and devaluation of currency?
What Is A Revenue Expenditure?
What are the skills required to be a bill collector?
you are placed a high NPA Branch , how you control the situation.
What is 'union excise duty'?
How many 'bullion markets' are there in india?
Plz. send me a interview question related to SBI clerical.
what is cbt in bank explain it???
