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What is A GDR or Global Depository Receipts - ArthikDisha
Global Depository Receipts or GDR means negotiable instruments issued by a domestic company in the abroad to raise funds in the home country. A Global Depository Receipt is generally denominated in US Dollar terms. So in simple terms, it can be said that under the Global Depository Receipts arrangement, a domestic company with the help of an Overseas Depository Bank or ODB issues certificate in the form of shares of the foreign company or Foreign Currency Convertible Bonds. The Global Depository Receipts are primarily traded in the Capital Market in order to raise capital or long term funds.