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Deutsche Bank services for Tata Tea

LONDON: Deutsche Bank has announced its appointment as successor depository bank for the Global Depository Receipt (GDR) programme of Tata Tea, the Indian multinational corporate. Akbar Poonawala, head, Global Equity Services, Deutsche Bank, stated in a release that the bank would support Tata Tea with a wide range of customised services to enhance the visibility of its GDR programme. Deutsche Bank, through its Trust & Securities Services business, is a leading depository bank for GDRs and American Depository Receipts (ADRs).

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