Question
When a depositary bank issues a Depository Receipt
(DR) without the explicit involvement or consent of the foreign company whose shares are represented by the DR , it is known as __ ____Solution
Unsponsored Depository Receipts (UDRs) are a type of Depository Receipt (DR) issued by a depositary bank without the explicit involvement or consent of the foreign company whose shares are represented by the DRs. As such, UDRs are floated without the participation of the issuer company. In India, NSE IFSC (National Stock Exchange's International Financial Services Centre) in GIFT City provides trading in US stocks in the form of unsponsored depositary receipts without the direct involvement or sponsorship of the underlying foreign company.
What is the primary focus of the Stand-Up India Scheme?
State Bank of India has inked a memorandum of understanding (MOU) with the ________ Cooperative Milk Producers Union to provide loan to individual dairy...
Which cities does the first Namo Bharat Rapid Rail connect?
The gestation period for elephants spans approximately how many months?
Who has been named the ICC World Cricketer of the year?
Which country's parliament is called the Shora?
Who is appointed as the next High Commissioner of India to the United Kingdom?
'Uttar Pradesh Day' was first organized on?
Who facilitated the opening of the Great Silk Route to Indians?
Indirasagar Dam is situated in which Indian state?
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