Economics · Global Depository Receipts
Arrange the following steps in the process of Global Depository Receipts (GDR) Issues in the correct chronological order: (A) Registration with prescribed authority (B) Appointment and vesting of shares with the custodian (C) Approval of the regulatory authorities (D) Listing of GDR (E) GDR allotment Choose the correct answer from the options given below:
- 1(B), (A), (C), (D), (E)
- 2(A), (C), (B), (E), (D)✓
- 3(A), (B), (C), (D), (E)
- 4(C), (A), (B), (E), (D)
Correct answer
(A), (C), (B), (E), (D)
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