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Standard Chartered PLC IDRS Current News

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Standard Chartered examines if IDR holders can buy into $5.1 billion rights issue
Tue, 03 Nov 2015 09:42:00 GMT
MUMBAI: British major Standard Chartered today said it is examining the legal aspect as to whether Indian Depository Receipt holders of the lender can participate in the USD 5.1 billion rights issue programme. "The company is currently clarifying local ...

IDR redemption allowed only if liquidity is low: SEBI
Thu, 02 Jun 2011 17:00:00 GMT
The only IDR listed on NSE and BSE is that of Standard Chartered Bank. For every equity share of StanChart, 10 IDRs were issued. Standard Chartered red herring prospectus has stated that IDRs could not be redeemed into underlying shares before the expiry ...

StanC IDR hit as Sebi shuts arbitrage window
Mon, 06 Jun 2011 18:59:00 GMT
Standard Chartered Bank, which was the first foreign entity to list in India, is the only firm to have issued IDRs. According to market analysts, the main attraction of an IDR for institutional investors was the opportunity to arbitrage between ...

StanChart IDR crashes 20% over Iran-related transactions
Mon, 06 Aug 2012 17:00:00 GMT
Standard Chartered's Indian depositary receipts (IDR) crashed on the Bombay Stock Exchange Tuesday. The IDR was locked down after falling 20 per cent to an intraday low of Rs 83.15 on the BSE. Indian investors have invested in the British bank through the ...

Standard Chartered PLC (STAN_paEUR.VIp)
Sun, 10 Sep 2017 17:00:00 GMT
Oct 31 Standard Chartered Plc said Ben Hung ... Long-Term Issuer Default Rating (IDR) at A+/Stable and Viability Rating at a). The rating is linked with SCB's IDR to reflect SCBSL's legal statu * Says ?Standard Chartered Bank as major bank integrating ...

TEXT-Fitch afrms Standard Chartered Bank (Thai) Public Company
Sun, 16 Oct 2011 17:00:00 GMT
Oct 17- Fitch Ratings has affirmed Standard Chartered Bank (Thai) Public Company Limited’s (SCBT) Long-term Foreign Currency Issuer Default Rating (IDR) at ‘BBB+’ and National Long-Term Rating at ‘AAA(tha)'. The Outlook is Stable. A full rating ...

IDR holders can participate in rights issue: StanChart
Wed, 20 Oct 2010 13:00:00 GMT
U.K.-based Standard Chartered, the first foreign entity to be listed in the country, on Wednesday said its Indian Depository Receipt (IDR) holders were eligible to participate in the bank's forthcoming $5.3 billion rights issue. “Even though the holders ...

Why there is sudden rush for StanChart IDRs
Tue, 21 May 2013 21:27:18 GMT
Ten IDRs represent one share of Standard Chartered. This is how the math works: Indian IDR price = Rs 118.55 Standard Chartered stock price in London: 16.10 pounds Standard Chartered stock price in Indian rupee: 16.10 x 83.88 (pound value in rupees ...

Fitch affirms Standard Chartered Bank SL branch at AAA(lka); outlook stable
Wed, 01 Nov 2017 01:55:13 GMT
The Outlook is Stable. KEY RATING DRIVERS SCBSL’s rating reflects the credit profile and financial strength of Standard Chartered Bank (SCB; Long-Term Issuer Default Rating (IDR) at A+/Stable and Viability Rating at A). The rating is linked with SCB’s ...

How investors lost arbitrage opportunity on StanChart IDR
Mon, 06 Jun 2011 11:43:00 GMT
Investors who were hoping to profit from the difference in the price of the Standard Chartered stock (on London and Hong Kong bourses) and its Indian Depository Receipts(IDRs) have been caught unawares by the latest Sebi ruling on the IDR convertibility.