Indian Depository Receipts

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  StanChart Not to Undertake Rights Issue of Indian Depository Receipts on Impediments

  British major Standard Chartered on Wednesday said it will not undertake the rights issue of Indian Depository Receipts (IDRs) due to procedural impediments and holders will be given a cash-out option.

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  Indian Hotels Delists GDRs from London Stock Exchange

  Consequently, the company has also issued a notice to Citibank N.A for termination of the existing depository agreements of the GDRs, it added.

• Indian Hotels to Delist GDRs From London Stock Exchange

  Tata Group's hospitality arm - Indian Hotels Co Ltd, which runs a chain of luxury hotels and resorts under the Taj brand, plans to delist its global depository receipts (GDRs) from London Stock Exchange, two decades after it started trading on the bourse.

• Sebi Bars 13 Entities for Large-Scale Global Depository Receipts Manipulation

  The Securities and Exchange Board of India (Sebi) has barred as many as 13 entities from the market for five years in a matter relating to manipulation of global depository receipts (GDRs) issued by some Indian companies.

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  StanChart India's H1 Operating Profit Falls 10%

  The bank, which is listed on the Indian bourses through Indian Depository Receipts, had registered an operating profit of $439 million for the corresponding January-June period last year.

• Sebi issues guidelines for Indian depository receipts conversion

  Market regulator Securities and Exchange Board of India (Sebi) today came out with a detailed framework for conversion of Indian Depository Receipts (IDRs) into equity shares, as part of efforts to attract more foreign companies to get listed on domestic stock exchanges.

• RBI, Sebi ease IDR conversion route; cap issuance at $5 bn

  The move is expected to help attract foreign entities to list their Indian depository receipts on domestic bourses.