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What do you mean by ODB and ADR.
What do you mean by ODB and ADR.
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Solution
Overseas Depository Bank(ODB) is a bank that issues depository receipts outside India. It is a bank which is permitted by the issuing company to issue ADR against the issue of ordinary shares of the issuing company
American Depository Receipt(ADR) is a negotiable instrument issued by a US bank that represents specific number of shares in a foreign company that has been purchased and sold in US stock market.
Overseas Depository Bank(ODB) is a bank that issues depository receipts outside India. It is a bank which is permitted by the issuing company to issue ADR against the issue of ordinary shares of the issuing company
American Depository Receipt(ADR) is a negotiable instrument issued by a US bank that represents specific number of shares in a foreign company that has been purchased and sold in US stock market.
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