Deutsche Bank has been appointed depositary bank for the Luxembourg Stock Exchange-listed Global Depositary Receipt (GDR) program of Indiabulls Infrastructure and Power Limited (IIPL).
IIPL, incorporated in India on Nov. 9, 2010, is part of the Indiabulls Group, which offers services across the power, financial services, real estate and infrastructure sectors. Seven of the groups businesses are listed on the Indian Stock Exchanges.
IIPL provides consultancy services to companies venturing into the power generation, transmission and distribution businesses. IIPL also holds a 44.84% interest in Indiabulls Power Limited, which offers power generation, distribution and transmission services.
We are pleased to be appointed by IIPL as its depositary bank and look forward to continuing to strengthen our relationship with the Indiabulls Group, says Akbar Poonawala, head of Global Equity Services at Deutsche Bank. With a dedicated team of relationship managers located in India, Indiabulls Group investors can be assured of the highest level of service.
(CG)