Tricom India announces change in ratio of GDR to equity shares

Listed on Luxemburg Stock Exchange

Jun 10, 2014 02:06 IST capital market

Tricom India announced that the Company's 29,75,000 GDRs are listed on Luxemburg Stock Exchange. At present, the ratio of GDR is 1:2 and now it will change to 1:20 (i.e., each DR would be equivalent to 20 underlying equity shares), hence number of DR will reduce from 29,75,000 to 2,97,500 for 59,50,000 shares. The ratio change will be effective from the 12 June 2014.

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