SMC Capitals Equity Head Jagannadham Thunuguntla has come out with a report on "ADRGDRs in 2009\". The research firm said the 13 ADRGDR issuances have resulted into current Mark to Market (MTM) return of about +33.74%.

1. ADRGDRs of 2009 show 33.7% MTM return: SMC Capitals
(Posted on Moneycontrol Top Headlines at Tue, Dec 22, 2009 at 12:37PM)
SMC Capitals has come out with a report on "ADRGDRs in 2009". The research firm said the 13
ADRGDR issuances have resulted into current Mark to Market (MTM) return of about +33.74%.
"Indian Corporates have raised about USD 3.44 billion of amount through 13 ADR/GDR issuances in the
calendar year 2009. Some of the the prominent companies who have raised ADRs / GDRs are: Sterlite
Industries, Tata Motors, Tata Steel, Tata Power, Suzlon Energy, Axis Bank, Dish TV, Sterling
International Enterprises, etc. The current Mark-to-Market (MTM) Value of such ADRs / GDRs has raised
to USD 4.60 billion, indicating current MTM returns of about +33.74% and an aggregate MTM profit of
about USD 1.16 billion", says SMC Capitals.
Attachments : Fund Raising _ADR.pdf