Answer Posted / roli trivedi
ADR REFERS TO AMERICAN DEPOSITORY RECEIPTS ISSUED ONLY IN
AMERICA,THESE EQUITY SHARES R ISSUED BY COMPANIES WHO WANT
TO LIST THEIR SHARES INTO US STOCK EXCHANGE THEREFORE THESE
EQUITY SHARES R CONVERTED INTO ADR FORM AND IS GIVEN TO
CUSTODIAN BANK IN THE FOREIGN COUNTRY WHICH PROVIDES IT TO
THE INVESTORS WILLING TO HAVE HOLDING OF OTHER COMPANIES
EQUITIES IN DIFFERENT COUNTRIES WHEREAS GDR REFERS TO
GLOBAL DEPOSITORY RECEIPTS ISSUED BY LUXEMBERG STOCK
EXCHANGE AND GLOBALLY.
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