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Chapter 12

Chapter 12. Sourcing Equity Globally. Sourcing Equity Globally: Learning Objectives. Design a strategy to source equity globally Analyze the motivations and goals of a firm issuing new equity shares on foreign equity markets

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India Budget 2016: Unsponsored ADRs, GDRs likely to get tax relief

The Union Budget for 2016-17 is likely to exempt unsponsored American depository receipts (ADRs) and global depository receipts (GDRs) based on underlying Indian securities from capital gains tax. The move could be aimed at encouraging such listings. Besides, such exemptions might also come for ADRs and GDRs based on Indian unlisted stocks and securities other than equities.

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Chapter 12

India Budget 2016: Unsponsored ADRs, GDRs likely to get tax relief