Standard Chartered Bank PLC had come out with a IDR issue in May 2010. The issues was listed on the 11th of June 2010 and as per the terms and conditions, holders of the IDR after one year of the listing were in a position to convert the IDR into the underlying shares provided they [...]
Archive for the ‘General’ Category
Standard Chartered IDR conversion into underlying shares: Rules changed by SEBI
June 5th, 2011
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VMS Industries: issue is expensive and the business too small for comfort
June 1st, 2011
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VMS Industries Limited is tapping the capital markets with an issue to Raise Rs 2575 lacs in a price band of Rs 36-40. The issue has opened on Monday the 30th of May and closes on Thursday the 2nd of June. Price Band Rs 36 – Rs 40 Offer size in shares 71,52,778 Equity Shares [...]
Corporation Bank: Unique way to recover overdue accounts
May 2nd, 2011
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Corporation Bank has launched a unique way of recovering overdue accounts. When any loan is given as part of KYC (know your client) norms, a photograph of the loan taker is alkso taken. The bank has put iup the photos of defaulters in the city of the loan taker with amazing results. The loan has [...]
