GDR
ADR - American Depositary Receipt
An American Depositary Receipt (ADR) is how the stock of most foreign companies trades in United States stock markets.
Each ADR is issued by a U.S. depositary bank and represents one or more shares of a foreign stock or a fraction of a share. If investors own an ADR they have the right to obtain the foreign stock it represents, but U.S. investors usually find it more convenient to own the ADR. The price of an ADR is often close to the price of the foreign stock in its home market, adjusted for the ratio of ADRs to foreign company shares.
Depository banks have numerous responsibilities to the holders of ADRs and to the non-U.S. company the ADRs represent. The largest depositary bank is The Bank of New York.
Individual shares of a foreign corporation represented by an ADR are called American Depositary Shares (ADS).
Indian ADR Trading in US
| ADR ISSUE |
SYMBOL |
INDUSTRY |
EXCH |
| DR. REDDY'S LABORATORIES LTD.
|
RDY |
Pharmaceutical |
NYSE |
| HDFC BANK LTD.
|
HDB |
Banks |
NYSE |
|
ICICI BANK LTD.
|
IBN |
Banks |
NYSE |
|
INFOSYS TECHNOLOGIES LIMITED
|
INFY |
Technology Services |
NASDAQ |
|
MAHANAGAR TELEPHONE NIGAM LIMITED
|
MTE |
Fixed Line Comm. |
NYSE |
|
REDIFF.COM INDIA LTD
|
REDF |
Technology Services |
NASDAQ |
|
SATYAM COMPUTER SERVICES LIMITED
|
SAY |
Technology Services |
NYSE |
| SIFY LTD.
|
SIFY |
Technology Services |
NASDAQ |
| VIDESH SANCHAR NIGAM LIMITED
|
VSL |
Fixed Line Comm. |
NYSE |
| WIPRO LTD.
|
WIT |
Technology Services |
NYSE |
