J.P. Morgan appointed depositary bank by Jindal Cotex
30 August 2010 Hong Kong
Image: Shutterstock
J.P. Morgan announced today that it has been appointed depositary bank by India-based producer of synthetic, cotton and blended yarns, Jindal Cotex Limited ("Jindal Cotex"), following the company?s recent USD 38.5 million Global Depositary Receipt (GDR) listing on the Luxembourg Stock Exchange.
"We are extremely pleased to have launched our GDR offering in Europe," said Sandeep Jindal, Managing Director of Jindal Cotex. "J.P. Morgan's depositary receipts team was selected for its recognized leadership and expertise and its remarkable professionalism."
Kenneth Tse, Asia Pacific head of J.P. Morgan's depositary receipts group, added: "We are extremely pleased to have been appointed by Jindal Cotex as its depositary bank. Our extensive experience in this area and our ability to deliver the right solution to the client were key factors in securing this business. We welcome this first opportunity to work with Jindal Cotex and we look forward to building a long-term relationship."
J.P. Morgan is committed to working closely with its clients to design and implement customized depositary receipt ('DR') programs to achieve their strategic goals and facilitate DR liquidity.
"We are extremely pleased to have launched our GDR offering in Europe," said Sandeep Jindal, Managing Director of Jindal Cotex. "J.P. Morgan's depositary receipts team was selected for its recognized leadership and expertise and its remarkable professionalism."
Kenneth Tse, Asia Pacific head of J.P. Morgan's depositary receipts group, added: "We are extremely pleased to have been appointed by Jindal Cotex as its depositary bank. Our extensive experience in this area and our ability to deliver the right solution to the client were key factors in securing this business. We welcome this first opportunity to work with Jindal Cotex and we look forward to building a long-term relationship."
J.P. Morgan is committed to working closely with its clients to design and implement customized depositary receipt ('DR') programs to achieve their strategic goals and facilitate DR liquidity.
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