what is ADRs?

Answer Posted / ankit

ADR's (American Deposit Receipts)are bonds/certificates
issued by American companies & are traded in NYSE exhange
only.ADR's are complied of GAAP standards.Cost of issuing
ADR's can be around $20million to $40million.In other words
Indian shareissuing companies who wants its share to be
issued on NYSE list is ADR.

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