The increase in Indian GDR trading on London Stock Exchange in 2017 was led by Reliance India, which recorded a total value traded of $1.49 billion in 2017. Photo: BloombergLondon: The trading of Indian Global Depository Receipts (GDR) on London Stock Exchange showed a marked increase in 2017 compared to 2016, which experts said reflects enhanced investors’ interest in one of the fastest growing major economies in the world. The increase in Indian GDR trading on London Stock Exchange in 2017 was led by Reliance India Ltd, which recorded a total value traded of $1.49 billion in 2017, compared to $1.23 billion in 2016. Similarly, Larsen & Toubro recorded $481 million in 2017 compared to $362 million in 2016 and Reliance Infrastructure recorded $39 million in 2017 compared to $20 million in 2016. The IOB is London Stock Exchange’s trading platform for Depository Receipts, and it is the main trading venue for the most liquid Indian GDRs.

Source: Mint January 22, 2018 05:37 UTC