For issuance of an ADR representing an Indian company's shares:
An ADR is issued by a depositary bank in the USA against an Indian company's underlying shares. Those shares are held through a custodian, usually in India, rather than the…
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For issuance of an ADR representing an Indian company's shares:
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Correct answer B
An ADR is issued by a depositary bank in the USA against an Indian company's underlying shares. Those shares are held through a custodian, usually in India, rather than the Indian company issuing the ADR directly to investors.
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Gujarat SET (GSET)