Business Studies

Depository bank has right to issue one GDR certificate for _______ shares.


ANSWER

2 to 10


SOLUTION
GDR is a foreign currency denominated derivative instrument in the form of depository receipt created outside India and issued to non-resident investors. GDR stands for Global Depository Receipt. It is a bank certificate issued in more than one country for shares in a foreign company.Depository bank has right to issue one GDR certificate for 2 to 10 shares.
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