Professional Documents
Culture Documents
PRESENTED BY
KIRTI GARG
ABOUT ADR…
ADRs first introduced in 1927.
ADR is a security issued by a company outside the U.S.
which physically remains in the country of issue
,but usually in the custody of a bank, is traded on U.S.
stock exchanges. For the American public ADRs
simplify investing. So when Americans purchase Infy (the
Infosys Technologies ADR) stocks listed on Nasdaq, they
do so directly in dollars, without converting them from
rupees.
ADR’s basically used by Non Resident Indians (NRIs)
and non-Indians for making investments in India
American Depository Receipt
Domestic Stock
Exchange U.S.
AMERICA
CERTIFICATE
SHARES
INVESTORS
Some Major ADRs issued by
Indian Companies
Among the Indian ADRs listed on the US markets, are
Infy (the Infosys Technologies ADR),
WIT (the Wipro ADR),
Rdy(the Dr Reddy’s Lab ADR), and
Say (the Satyam Computer ADS)
Some Major GDRs issued by
Indian Companies
Dr. Reddys L&T
ITC WIPRO
Benefits Of ADR/GDR For…
COMPANIES INVESTOR