Answer Posted / naresh singhal
ADR is American Depository Receipts, it is issued by a
company in the USA .ADR are bought and sold in USA
markets.It can be listed & traded on a exchange of USA.
Whereas GDR refers to Global Depository Receipts,the local
currency shares of a company are delivered to the depository
banks.The depository banks issues depository receipts
against these shares.Such receipts denominated in US dollars.
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