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hello everyone welcome back to lets learn so if you are new to this channel please subscribe the channel and click the bell icon to get the latest notification so you normally discuss the amount of topics [Music] [Music] issued outside india by a depository bank on behalf of indian company these depository receipts are traded on stock exchanges in u.s singapore luxembourg london etc okay so he deposited [Music] foreign okay london [Music] american depository receipt okay these are certified negotiable negotiable instrument issued by an american bank suggesting the number of shares of a foreign company that can be traded in uh u.s stock exchange american [Music] [Music] foreign [Music] [Music] [Music] is okay a global depository receipt is a certificate issue by a bank that represents shares in a foreign stock on two or more global markets gdias are traded on american stock exchange as well as european or asian exchanges gdrs and their dividends are priced in local currency of the exc