StanChart IDR price fixed at Rs 104

Standard Chartered Bank on Sunday, said it has fixed the price at Rs 104 for its Rs 2,490-crore Indian Depository Receipts (IDR) issue, the first such share sale in the country.

The bank had come out with a public offer of 24 crore IDRs, that include 3.6 crore receipts reserved for the anchor investors. The IDRs are expected to be listed on the BSE and NSE by June 11.

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