Ajay Shah points to ADR premium given the Nano buzz and rotation within automotive sector given Detroit's troubles
Ajay Shah's blog: Spike in the ADR premium for Tata Motors
I would be curious to analyze the individual company's reaction to these premiums. Infosys repeatedly sold into these premiums through local shares to ADR conversions. Does concentration of ADR holdings, strategic investor in ADRs etc. make a difference?
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