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two-way trading

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two-way trading
The ability to convert ordinary shares into American Depositary Receipts or Global Depositary Receipts following an earlier conversion of ADRs or GDRs into ordinary shares. In February 2002 the Indian government for the first time approved two-way trading of ADRs. Until then ADRs could be placed in the United States but, if converted back into ordinary shares for trading in India, could not again trade as ADRs. Two-way trading improves the liquidity of ADRs and GDRs.
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