adr & gdr.pptx

8/19/2019 ADR & GDR.pptx

1/16

ADR &

GDRSUBMITTED BY:-HIMANI KALRA

MBA (GEN)

SECTION A

35

USM, K.U.K

SUBMITTEDTO:-

DR ANIL MITTALPROFESSOR


2/16

TABLE OF CONTE NTS: -

What is ADR & GDR ? HOW ADR & GDR WORK ?

ADR RATIO SPECIMEN COPY O ADR AD!ANTAGES O ADR & GDR

INDIAN COMPANIES USING ADR &GDR


3/16

WHAT IS ADR ?

ADR- AMERICAN DEPOSITARY RECEIPTS

A "#$%tia'# (#)ti*(at# iss+# a US

a"

R#/)#s#"ts a s/#(i*# "+0#) %1

sha)#s %1 a 1%)#i$" (%0/a"

ADRs a)# #"%0i"at# i" US %''a)s.


4/16

HOW DOES ADR/GDR WORK’S

2#t +s ta# I"1%ss #3a0/'#- t)a#s %" th# I"ia" st%( ata)%+" )s.45556-

This is #7+i8a'#"t t% US9 5 ; ass+0# 1%) si0/'i(it

N%< a US a" /+)(has#s =5555 sha)#s %1 I"1%ss a"

iss+#s th#0 i" US i" th# )ati% %1 =5:=

This 0#a"s #a(h ADR /+)(has# is


5/16

ADR RATIO

Si"$'#

= ADR =SHARE

ADR Rati% =:=

M+'ti/'#

= ADR @ SHARES

ADR Rati% =:@

)a(ti%"

= ADR SHARE

ADR Rati% 4:=


6/16

SPECIMEN COPY FOR ADR


7/16

ADR

T/#s %1 ADR:

ADR 'isti"$:

U"s/%"s%)# ADR

NASDA>

S/%"s%)# ADRAME

2#8#'=NYSE


8/16

AD!ANTAGES O ADR:

It is a" #as a" (%st ##(ti8#


9/16

GDR- GLOBAL DEPOSITRIORY RECEIPTS

A bank ce!"#ca!e "$$%e& "n 'e !an nec%n!* + $ae$ "n a +e",n c'an*.

O/ee& + $a0e ,0ba00* !%, !e 1a"%$bank bace$.

Sae$ !a&e a$ &'e$!"c $ae$.


10/16

GDR- C2STODIAN BANK DEPOSITORY BANK

C%$!&"an bank 0ca!e& "n $a'e c%n!*.

4k$ "! !e &e$"!* bank an& +00$

"n$!%c!"n$ +' !e &e$"!* bank.

C00ec!$ 6 e'"!$ &"1"&en&$ an& +a&

n!"ce$ ece"1e& +' !e &e$"!* bank.


11/16

GDR MARKET

GDR$ can be cea!e& cance00e& &een&"n, n

&e'an& an& $%0*.

4en $ae$ ae cea!e& 6 'e ca!e$!ck$ "$ 0ace& "n !e c%$!&"an bank "n !e

&e$"!* bank acc%n!. Te &e$"!* bank!en "$$%e$ !e ne GDR$.

Fac!$ ,1en"n, !e GDR$ "ce$ ae c'an*

!ack ec& 6 ana0*$!$ ec''en&a!"n$6e0a!"1e 1a0%a!"n$6 'ake! cn&"!"n$ an& a0$"n!ena!"na0 $!a!%$ + !e c'an*.


12/16

GDR 2ISTING

2ONDON STOCK ECHANGE

2UEMBOURG STOCK ECHANGE

SINGAPORE ECHANGE

HONGKONG ECHANGE


13/16

GDR- AD!ANTAGES &DISAD!ANTAGES GDRs a''%< i"8#st%)s t% i"8#st i" 1%)#i$" (%0/a"i#s


14/16

INDIA- ADR & GDR

ADRs & GDRs a)# a" #3(#''#"t 0#a"s%1 i"8#st0#"t 1%) NRIs a" 1%)#i$""ati%"a's


15/16

INDIAN COMPANIES USING ADR / GDR

COMPANY ADR GDR

Baa a+t% NO YES

D). )#s YES YES

HDC Ba" YES YES

Hi"a'(% NO YES

ICICI Ba" YES YES

I"1%ss t#(h"%'%$i#s YES YESITC NO YES

2& T NO YES

MTN2 YES YES

ETC


16/16

adr & gdr.pptx

Documents