GDR

GDR, or Global Depository Receipt, is a financial instrument that allows investors to buy shares in a foreign company without traveling abroad. Essentially, a bank in one country holds the company's shares and issues receipts (GDRs) that are traded on the stock exchange in another country. These receipts represent ownership of the foreign shares, making international investment easier and more accessible. GDRs help companies access global capital markets and provide investors with a way to diversify their portfolios across borders efficiently.