blog address: https://transfin.in/what-are-global-depository-receipts-how-are-they-manipulated
keywords: Bank Loans GDRs Sujana Group Foreign Companies Foreign Investment Investors Foreign Currencies Foriegn Market SEBI US Dollars
member since: Jul 3, 2021 | Viewed: 1098
Category: Other
Show me your receipts! How do people invest in companies based in foreign countries? One way is through GDRs or Global Depository Receipts. It is an easy way for a company to raise capital from offshore markets. However, due to comparatively lax regulations and a few investment loopholes, they have become more vulnerable to manipulation recently. Recent reports have shown the debt-ridden Sujana Group to be one such manipulator.
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