Deutsche wins depositary bank mandate from Indiabulls

Deutsche will manage the Indian brokerage house's GDR programme and also help to raise its international profile.

Deutsche Bank has been appointed as the depositary bank for the global depositary receipt GDR programme of leading Indian brokerage Indiabulls Securities, according to a release.

Indiabulls is a member of the National Stock Exchange and the Bombay Stock Exchange. Among the largest securities broking companies in India, it offers a raft of broking services such as equity, debt, and derivatives. It also provides depositary, equity research, mutual fund and IPO distribution services.

Aside from managing its GDRs, Deutsche...

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