StanChart examines if IDR holders can buy into $5.1 bn rights issue

British major Standard Chartered Tuesday 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.

StanChart India's H1 2014 op profit down 10% to $395 mn

Its operating income dipped to USD 759 million, down from the year ago period's USD 908 million.

Sebi issues guidelines for IDR conversion

IDRs are generally instruments denominated in rupees and allow overseas companies to raise funds from the Indian market.

SEBI notifies norms to allow IDR fungibility

With an aim to attract a large number of foreign companies to get listed in Indian stock market, SEBI on Wednesday notified norms that will allow conversion of their Indian Depository Receipts (IDRs) on domestic bourses into equity shares by the investors.

Govt amends rules to allow IDR conversion into shares

The amendment, notified by the Ministry of Corporate Affairs (MCA) in the Companies (Issue of Indian Depository Receipts) Rules, have come into effect from October 1, as per a ministry notification.

StanChart jumps 5% on Sebi move on IDR conversion

Standard Chartered on Wednesday jumped by over 5 percent on Indian bourses after financial sector regulators RBI and Sebi allowed partial flexibility in conversion of Indian Depository Receipts (IDRs) into equity shares by investors.

RBI, Sebi allow flexibility for IDRs; issuance capped at $5 bn

Financial regulators -- RBI and Sebi -- on Tuesday allowed partial flexibility in conversion of Indian Depository Receipts (IDRs) into equity shares by investors, while capping the funds to be raised through IDRs at USD 5 billion.