GDR ISSUE

 SHARE HOLDER APPROVAL

 APPOINTMENT OF LEAD MANAGER
 FINALISATUION OF ISSUE STRUCTURE
 DOCUMENTATION
 LAUNCH
 ROAD SHOW- PRESENTATION
 PRICING – BOOK BUILDING
EXCESS- GREEN SHOE OPTION
 ADR –I – FIRST TIME ISSUE
 MINIMUM DISCLOSURE TO SEC AND
GAAP ED NOT COMPLY WITH US
 GAAP- Generally Accepted Accounting
Principles in the United States.
 US OTC MARKET
 ADR II -EXISTING BASE ENLARGEMENT

 ADR III -FRESH CAPITAL

 SEC RESISTRATION
 US GAAP
VENTURE CAPITAL