Distinguish between the following: Global Depository Receipts (GDRs) and American Depository Receipts (ADRs).

Distinction between Global Depository Receipts (GDRs) and American Depository Receipts (ADRs) S.No. Global Depository Receipts (GDRs) American Depository Receipts (ADRs) 1 Mostly issued in Europe Issued only in USA 2 Used for Raising Capital outside the home country Used for raising capital outside the home country in USA only 3 Mostly issued in Euros Issued only in US Dollar 4 Not regulated by Securities and Exchange Commission of USA Regulated by Securities and Exchange Commission of USA