Landmark trading of GDRs, touch US $ 2.04 billion in April

Kolkata, May 23 (UNI) Over US Kolkata, May 23 (UNI) Over US $2.04 billion of Indian GDRs were traded in April, 2007, a single month, surpassing the previous record of $684 million in May 2006.

London Stock Exchange Manager business Development (India and International business) Ibukun Adebayo said, ''The companies which substantially contribute in touching this landmark figure include Reliance ADAG, East India Hotels, SIEL, Bajaj Auto, Ashok Leyland Indian Hotels, Himachal FCL, Reliance Energy, Steel Authority of India, Tata Tea etc.'' ''Even 2006 was a record year for India on the London Stock Exchange. Indian companies raised a total of $2.7 billion on AIM and a further $200 million on the Main Market and Professional Securities Market. This is almost triple the previous record of $1.1bn raised by Indian companies in 2005,'' he said.

Elaborating about the performance of the Indian companies, he said the turnover of Indian companies on International Order Book (IOB), the Exchange's trading platform for depositary receipts, reached $5.2 billion in 2006 and totalled $3.2 billion in the first four months of 2007.

The IOB is the only liquid and transparent trading platform for GDRs worldwide. A growing number of Indian companies that list on smaller stock exchanges are admitting their GDRs to the London Stock Exchange to take advantage of greater liquidity and transparency There are 24 Indian companies listed in the UK and admitted to the London Stock Exchange.

UNI JYN KK AB 1732 .04 billion of Indian GDRs were traded in April, 2007, a single month, surpassing the previous record of 4 million in May 2006.

London Stock Exchange Manager business Development (India and International business) Ibukun Adebayo said, ''The companies which substantially contribute in touching this landmark figure include Reliance ADAG, East India Hotels, SIEL, Bajaj Auto, Ashok Leyland Indian Hotels, Himachal FCL, Reliance Energy, Steel Authority of India, Tata Tea etc.'' ''Even 2006 was a record year for India on the London Stock Exchange. Indian companies raised a total of Kolkata, May 23 (UNI) Over US $2.04 billion of Indian GDRs were traded in April, 2007, a single month, surpassing the previous record of $684 million in May 2006.

London Stock Exchange Manager business Development (India and International business) Ibukun Adebayo said, ''The companies which substantially contribute in touching this landmark figure include Reliance ADAG, East India Hotels, SIEL, Bajaj Auto, Ashok Leyland Indian Hotels, Himachal FCL, Reliance Energy, Steel Authority of India, Tata Tea etc.'' ''Even 2006 was a record year for India on the London Stock Exchange. Indian companies raised a total of $2.7 billion on AIM and a further $200 million on the Main Market and Professional Securities Market. This is almost triple the previous record of $1.1bn raised by Indian companies in 2005,'' he said.

Elaborating about the performance of the Indian companies, he said the turnover of Indian companies on International Order Book (IOB), the Exchange's trading platform for depositary receipts, reached $5.2 billion in 2006 and totalled $3.2 billion in the first four months of 2007.

The IOB is the only liquid and transparent trading platform for GDRs worldwide. A growing number of Indian companies that list on smaller stock exchanges are admitting their GDRs to the London Stock Exchange to take advantage of greater liquidity and transparency There are 24 Indian companies listed in the UK and admitted to the London Stock Exchange.

UNI JYN KK AB 1732 .7 billion on AIM and a further 0 million on the Main Market and Professional Securities Market. This is almost triple the previous record of .1bn raised by Indian companies in 2005,'' he said.

Elaborating about the performance of the Indian companies, he said the turnover of Indian companies on International Order Book (IOB), the Exchange's trading platform for depositary receipts, reached .2 billion in 2006 and totalled .2 billion in the first four months of 2007.

The IOB is the only liquid and transparent trading platform for GDRs worldwide. A growing number of Indian companies that list on smaller stock exchanges are admitting their GDRs to the London Stock Exchange to take advantage of greater liquidity and transparency There are 24 Indian companies listed in the UK and admitted to the London Stock Exchange.

UNI