What is the reliance GDR share price like?

Over the last year, Reliance Gdr share price has been traded in a range of 18, hitting a high of 73.9, and a low of 55.9. Capital at risk. Capital at risk.

What are GDR equity shares?

GDR equity shares are denominated in dollar and tradable on a stock exchange in Europe or USA. For example, a GDR of $100 may comprise of 2 equity shares of $50 each amounting to whatever the prevailing exchange rate is. Main features of GDR: Intermediary called ‘custodian’ who acts as depositor’s agent.

How many shares does a GDR hold?

One GDR usually holds ten shares, but the ratio can be anything higher or lower than this. The shares in the GDR trade on their domestic stock exchange. such as depository banks purchase the shares in one country, create a GDR containing those shares, and sell the GDR in the foreign market. It helps companies raise capital from foreign markets.