Question

When is an unlisted company required to obtain listing in the domestic market when issuing ADRs/GDRs?

a.

After making a profit in the global market

b.

Before issuing ADRs/GDRs

c.

Simultaneously with the issuance of ADRs/GDRs

d.

Within three years of issuing ADRs/GDRs or making a profit, whichever is earlier

Answer: (c).Simultaneously with the issuance of ADRs/GDRs Explanation:An unlisted company is required to obtain prior or simultaneous listing in the domestic market when issuing ADRs/GDRs.

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Q. When is an unlisted company required to obtain listing in the domestic market when issuing ADRs/GDRs?

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