The GDRs that are regulated by Rule 144A of the Securities Exchange Commission (SEC) of the US is termed as Rule 144A GDRs. And through such GDRs, a non-US company has the permission to trade and raise funds in the US financial markets. Hence, GDR comes across as a cheaper alternative...
ADR and GDR are commonly used by the Indian companies to raise funds from the foreign capital market. The principal difference between ADR and GDR is in the market; they are issued and in the exchange, they are listed. WhileADRis traded on US stock exchanges,GDRis traded on European stock ...