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Sankesh Satpute (26) Yasin Sheikh (25) Joshua Dsouza (15) Pranith Karkera (27)
Definition
A bank certificate issued in more than one country for shares in a foreign company. The shares are held by a foreign branch of an international bank. The shares trade as domestic shares, but are offered for sale globally through the various bank branches.
Functions
A means to increase global trade. Increase volumes on local and foreign markets. Exchange of information, technology, regulatory procedures as well as market transparency. Aid to foreign investment.
GDR Prices
Company Mahindra & Mahindra Ltd. Reliance Industries Ltd. Ranbaxy Laboratories Ltd. Rolta India Ltd.
Updated on Apr 05, 2012 day end Close (USD) 13.56 29.13 9.31 21.61
86.17
43.59 26.05
Source : http://www.goodreturns.in/adr-gdr-listings.html
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