Question

Feature(s) of Global Depository Receipts is/are _______.

• A. GDRs are issued to investors in more than one country.
• B. GDRs are issued to investors by the depository bank.
• C. GDR holders are entitled to all corporate benefits available to equity holders.
• D. All of the above

Answer 1

The correct option is D All of the above

GDR is a foreign currency denominated derivative instrument in the form of depository receipt created outside India and issued to non-resident investors. GDR stands for Global Depository Receipt. It is a bank certificate issued in more than one country for shares in a foreign company.Features of Global Depository Receipts are:

a) GDRs are issued to investors in more than one country.

b) GDRs are issued to investors by the depository bank.

c) GDR holders are entitled to all corporate benefits available to equity holders.