Standard Chartered Bank PLC (SCB) is tapping the capital markets with an IDR issue. IDR is Indian Depository Receipts and this is the first issue of IDR in the country. An IDR simply put is a depository receipt which represents underlying shares. The holder is entitled to all corporate actions which would occur on the […]
Posts Tagged ‘Standard Chartered’
Standard Chartered Bank IDR Issue: Subscribe for medium term
May 23rd, 2010
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Standard Chartered Bank IDR Issue likely price band Rs 103-111
May 22nd, 2010
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Standard Chartered Bank shares are traded on the London stock Exchange and the Hong Kong Stock Exchange. Yesterday Hong Kong was closed and on the London stock exchange one saw huge volatility. The Standard Chartered Bank fluctuated between 1619 pence and 1540.50 pence. The previous day’s close was 1618 pence and the stock closed at […]
Standard Chartered PLC IDR Issue
May 16th, 2010
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Standard Chartered PLC is to open its IDR issue between the 25th of May 2010 and 28th of May. The issue is for a total of 24 cr IDR’s. This is the first offering of IDR in the country. Each IDR will form one tenth portion of a share. Effectively what this means is that […]
