Answer Posted / badri narayan
ADR refers to the American Depository Receipt. Generally it
is issued through a participative bank(approved by SEC)
directly to American citizen without any hindrance of
various compliance to the concerned company. Necessarily the
company should a non-USA and specifically for Americans.
Whereas GDR refers to the Global Depository Receipt.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.
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