Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / arvind sharma (usms)
Global Depository Receipts is a certificate issued by
investment banker to general public against the issue of
shares of some foreign country .
If any company wants to issue GDR to raise funds from
foreign; Firstly it has to contact with the merchant
banker of home country & also have to make approval from
RBI, then it contacts with the investment banker of foreign
company, then investment banker will purchase the shares
from the merchant banker & then issue it to public through
green shoe option. When we not do not want money from the
foreign then we buy shares from foreign public & shares
came back to India.
Reliance Industries Ltd. was the first company to raise
funds through a GDR issue.
| Is This Answer Correct ? | 83 Yes | 10 No |
Post New Answer View All Answers
What are the risks associated with NET Banking?
What is a Fiscal policy? State its features?
How is control over public deposits exercised?
Explain working capital turnover ratio. What does it indicate?
What is the benefit of nationalization on Indian Banks?
What's Monetary policy?
What do you know about CORE Banking Solutions?
Name Any Two Types of Shares?
A system of 'fiat money' is being used in india. What is that?
What is NSDL?
Define IPO?
What major factors drive M&A? What are the major factors driving M&A in your sector? How do you see them evolving in the next year?
What do you know about Bio metric ATM?
Comment on 'Make in India' Scheme launched by the government?
HI, I am to be interviewed by KARNATAKA BANK for PO on the 7th of May 2010,. Anyone who had gone through interview process ,pls share ur interview experience as it will be invaluable for . Thanks. You can contact me on satind.singh@yahoo.com
