Indian ADRs
ADR refers to the listing of Indian companies on the New York Stock Exchange (NYSE) under the American Depositary Receipts category. This list provides key details including the last traded price (in $), total number of shares (in millions), and the price change in both dollar value and percentage.
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Company Name | Exchange | LTP (US $) | Volumes | Chg (US $) | Chg % | |
---|---|---|---|---|---|---|
Sify Technologies Ltd | Nasdaq-NM | 3.02 | 16047 | 0.05 | 1.68 | 16047 |
Dr Reddys Laboratories Ltd | NYSE | 15.67 | 1327107 | 0.18 | 1.16 | 1327107 |
WNS Global Services Pvt Ltd | NYSE | 46.83 | 83000 | 0.25 | 0.54 | 83000 |
Wipro Ltd | NYSE | 3.63 | 1337441 | 0.01 | 0.28 | 1337441 |
HDFC Bank Ltd | NYSE | 65.19 | 1367774 | 0.07 | 0.11 | 1367774 |
ICICI Bank Ltd | NYSE | 30.52 | 2092884 | 0.03 | 0.10 | 2092884 |
Tata Motors Ltd | NYSE | 25.14 | 0 | 0.00 | 0.00 | 0 |
Infosys Ltd | Nasdaq-NM | 22.77 | 2051553 | -0.01 | -0.04 | 2051553 |
MakeMyTrip India Pvt Ltd | Nasdaq-NM | 114.17 | 173066 | -1.52 | -1.31 | 173066 |
What Are India ADRs?
India ADRs (American Depositary Receipts) are a way for U.S. investors to invest in Indian companies without directly trading on Indian stock exchanges. An ADR is issued by a U.S. bank and represents shares in an Indian company, allowing the company’s stock to be traded on U.S. exchanges like the NYSE or NASDAQ.
This offers a simplified way for U.S. investors to buy Indian stocks, eliminating the need to manage foreign currency conversions or deal with regulatory issues in India. Each ADR typically represents a specific number of underlying shares in the Indian company.
Major Indian firms like Infosys, Wipro, and ICICI Bank have issued ADRs, providing global exposure and liquidity. ADRs also benefit Indian companies by giving them access to international investors and enhancing their brand visibility in global markets.
Frequently Asked Questions
Why do foreign companies list ADRs on U.S. exchanges?
Foreign companies list ADRs to increase their visibility in international markets, attract more investors, and gain wider analyst coverage. Issuing ADRs can also help them raise capital more easily in global markets when listed in the U.S.
Which Indian companies offer ADRs in the U.S. market?
Several major Indian companies issue ADRs, including Infosys, Wipro, and ICICI Bank. These ADRs are traded on prominent U.S. exchanges, providing global exposure and access to a broad range of investors.
How many shares of an Indian company does one ADR represent?
The ratio of ADRs to underlying shares can vary. For example, one ADR may represent one share, multiple shares, or a fraction of a share in the Indian company, depending on the specific ADR program set up by the issuing bank.
If I own an ADR, is it the same as owning company shares?
ADRs are dollar-denominated certificates that trade on U.S. exchanges and mirror the value of a foreign company's shares. However, owning an ADR does not give you the same ownership rights as holding the company's common stock.
What are the benefits of ADRs for U.S. investors?
ADRs allow U.S. investors to diversify their portfolios with Indian stocks without dealing with currency conversions or navigating foreign regulations. Additionally, ADRs provide the ease of trading on U.S. exchanges with standard U.S. tax regulations.