The Indian depository receipt (IDR) holders of Standard Chartered will not be able to participate in its proposed rights issue due to regulations. Instead, they will be entitled to
Multinational companies with subsidiaries listed on Indian stock exchanges are exploring the possibility of delisting their shares through an exchange offer of Indian depository receipts
On Monday shares of Standard Chartered were trading at £16. 24 on London Stock Exchange (LSE) not too far from its all-time high of £18
Foreign companies may find it difficult to issue shares to Indian Depository Receipt (IDR) holders in the event of rights or bonus issue due to procedural hurdles like filing a fresh prospectus and lack of specific guidelines, experts say.
Global banking giant Standard Chartered Bank today said it is planning to raise up to USD one billion (over Rs 4,500 crore) by June through Indian Depository Receipts (IDR).
RBI scripts norms for Indian depository receipts
QIBs have been reserved at least 50% of an IDR issue
Fitch has also retained its support rating floor at BBB.
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