Deutsche Bank today announced its appointment as depositary bank for the
sponsored Level III NASDAQ-listed American Depositary Receipt program of
Videocon d2h Limited (Videocon d2h).
Videocon d2h is the direct-to-home (DTH) television arm of the Videocon
group. Videocon d2h offers over 500 channels and services, including 29
high definition channels and 41 audio and video channels. Videocon d2h
commenced DTH operations in July 2009 and has since grown to a gross
subscriber base of 11.82 million and a market share of 16.5% in the DTH
market in India as of September 2014. Videocon d2h provides its services
throughout India and is headquartered in Mumbai.*
Shrinath Bolloju, Asia Pacific Head of Institutional Cash & Securities
Services at Deutsche Bank, said: “We are pleased to have been selected
as depositary bank for Videocon d2h's NASDAQ-listed ADR program. We are
committed to providing our clients with the highest quality ADR services
for their newly launched programs.”
Deutsche Bank’s Depositary Receipts team is part of the Issuer Services
business within the Bank’s Institutional Cash & Securities Services unit.
In addition to specializing in administering cross-border equity
structures such as American and global depositary receipts and global
registered shares, Issuer Services provides corporates, financial
institutions, hedge funds and supranational agencies around the world
with trustee, agency, escrow and related services. The Bank offers a
broad range of services for diverse products, from complex
securitizations and project finance to syndicated loans, debt exchanges
and restructurings.
*Source: Videocon d2h Limited (March 2015)
Deutsche Bank is a leading client-centric global universal bank serving
28 million clients worldwide. Deutsche Bank provides commercial and
investment banking, retail banking, transaction banking and asset and
wealth management products and services to corporations, governments,
institutional investors, small and medium-sized businesses, and private
individuals. Deutsche Bank is Germany’s leading bank, with a strong
position in Europe and a significant presence in the Americas and Asia
Pacific.
The Depositary Receipts have been registered pursuant to the US
Securities Act of 1933 (the "Act"). The investment or investment service
which is the subject of this notice is not available to retail clients
as defined by the UK Financial Conduct Authority. This notice has been
approved and/or communicated by Deutsche Bank AG New York. The services
described in this notice are provided by Deutsche Bank Trust Company
Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in
accordance with appropriate local registration and regulation. Deutsche
Bank is providing the attached notice strictly for information purposes
and makes no claims or statement, nor does it warrant or in any way
represent, as to the accuracy or completeness of the details contained
herein or therein. This announcement appears as a matter of record only.
Neither this announcement nor the information contained herein
constitutes an offer or solicitation by Deutsche Bank or any other
issuer or entity for the purchase or sale of any securities nor does it
constitute a solicitation to any person in any jurisdiction where
solicitation would be unlawful. No part of this notice may be copied or
reproduced in any way without the prior written consent of Deutsche
Bank. Past results are not an indication of future performance.
Copyright© March 2015 Deutsche Bank AG. All rights reserved.
Copyright Business Wire 2015