Many Indian companies have issued global depository receipts to raise foreign capital. Identify the values involved in this action and their effects

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cbse

#1

The values involved in this action are as follows :

  1. Linking of Indian financial markets with foreign financial markets.
  2. Optimum utilisation of available financial resources.
  3. Promoting mobility of capital.
  4. Facilitating the efficient allocation of funds for the most productive use.
    The effects of the above values will be as follows:
  5. Raising of share capital in foreign currency without creating any liability.
  6. This will improve goodwill and credit-worthiness of the company.