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However, many promising Indian firms are not yet using ADRs or GDRs to access offshore investors.
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Selections must be a stock (common or preferred), including ADRs and GDRs.
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To be sure, you'll pay a premium, especially for GDRs, that can run as high as 10%, because they're not as liquid as U.S. securities.
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The Sawiris family and Abraaj Capital, which together own 60 percent of Orascom, are also participating in the tender and have submitted all their OCI GDRs to exchange for OCI N.
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