A) In a sponsored ADR issue, the shares surrendered in India are offered through depository receipts in over  as   markets by way of a: (a) Public offer                                              (b) Private placement of listed ADRs (c) Private placement of unlisted ADRs       (d) 144A placement (e) Rights offer to existing ADR holders   B

A) In a sponsored ADR issue, the shares surrendered in India are offered through depository receipts in over  as   markets by way of a:

(a) Public offer                                              (b) Private placement of listed ADRs

(c) Private placement of unlisted ADRs       (d) 144A placement

(e) Rights offer to existing ADR holders

B. Two-way fungibility of depository receipts shall mean that:

(a) The DRs can be exchanged for shares in the domestic country

(b) The shares can be exchanged for DRs in the foreign country

(c) The foreign country and the domestic country can be interchanged to make the issue

(d) The company can make the issue in either country

(e) The investor can apply in either country

(f) The shares are surrendered for sale in the foreign country.