Standard Chartered

Sebi’s bar on IDR redemption irks Standard Chartered’s IDR-holders

By: Editor | June 6, 2011

Standard Chartered Plc’s Indian Depositary Receipt fell by as much as by 20% on Monday on the BSE, on news that capital market regulator Sebi will not allow redemption of IDRs, except if they were illiquid.

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Filed under: Companies, News Analysis, IDR, Policy From the Regulators, Standard Chartered

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Sebi’s bar on IDR redemption irks Standard Chartered’s IDR-holders

By: Editor | June 6, 2011