SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : India Coffee House
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mohan Marette who wrote (4450)6/9/1999 8:08:00 PM
From: Nandu  Read Replies (2) of 12475
 
With one American depositary receipt representing half of a local share, the $56 1/8 price of each ADR implies a 55 percent premium over the local shares as of yesterday's close. The gap makes it attractive for global investors to buy Infosys shares from Indian stock exchanges and sell them on the Nasdaq, analysts said.

Mohan, that is great action if we can get in on it. Any idea of NRIs can do this? That is, buy in Bombay and sell in New York as an ADR? There has to be an underlying transaction that links an ADR to the original stock, just as commodity futures are related to the actual commodity by delivery rules.

I remember posting here a month or so back a headline that NRIs are now allowed to redeem ADRs as Indian shares. I tried to find details on that, but couldn't. The transaction we are discussing here is the reverse. Redeeming Indian shares as ADRs.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News