Profit

Standard Chartered IDRs tumble on new SEBI norm

PUBLISHED ON: June 6, 2011 | Duration: 2 min, 18 sec

  
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Standard Chartered bank’s Indian depository receipts (IDRs) that listed on the stock exchanges on June 11 last year took a beating on the bourses after market regulator Sebi said that the IDRs could not be converted into shares of the foreign company even after one year of listing.
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