American Depository Receipts (ADRs)

American Depository Receipts (ADRs) are negotiable certificates issued by US banks that represent a specified number of shares in a foreign company, allowing it to be traded on American stock exchanges like the NYSE or NASDAQ without the foreign company needing a direct US listing. For Indian companies, ADRs provide access to deep US capital markets and a broader global investor base. Infosys, Wipro, HDFC Bank, and Dr. Reddy's are among the prominent Indian companies with ADR listings. For Indian investors, ADRs of US-listed companies are accessible through the Liberalised Remittance Scheme (LRS), offering exposure to global businesses within a familiar stock-trading format.