StanChart IDR priced between Rs 100-115

The issue opens for general subscription on Tuesday and will close on Friday. Thereafter, the final issue price per IDR will be announced.

Retail investors and eligible employees subscribing to IDRs, and whose bid amount does not exceed Rs 100,000 will get 5 per cent discount to the final issue price. Allotment of the IDRs is scheduled to be completed by June 7, 2010 with listing on both BSE and NSE.  Ten IDRs will represent one underlying share of the company, and the new shares issued in aggregate would constitute 1.16 per cent of the post-issue paid-up capital of the Company. UBS Securities, Goldman Sachs , JM Financial Consultants, DSP Merrill Lynch, Kotak Mahindra Capital and SBI Caps are Book Running Lead Managers, while STCI Cap Markets is the co-Book Running Lead Manager. 

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