HDFC Bank, difference in NYSE and BSE/NSE

H

highonlife

Member
#1
#1
HDFC is trading in the NYSE (new york stock exchange) at around $115.
With the rupee around 46, this is trading at INR 5000 per stock.

In india it is trading under Rs. 2000. Isnt this an arbitrage opportunity? or are you not allowed to trasnfer the shares from india to abroad?
 
A

armand_dcosta

New Member
#2
#2
the HDFC ADR (American Depository Receipt) is traded on the NYSE. An ADR consists of several shares and not just one share and therefore there is such a huge difference in price.
 
H

highonlife

Member
#3
#3
So in this case it would be about 3 shares to an ADR?
because if that is so, it might be a good way of seeing the market action if one is leading the other
 
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