business

Hope regulators will evolve structure for IDRs: StanChart

UK's Standard Chartered Bank, which is the first and only foreign lender to issue Indian depository receipts, will not be required to convert their IDRs into shares as per the guidelines issued by the Sebi. Talking about the issue, StanChart's group chief executive, Jaspal Bindra said the convertibility was subject to regulations.

first published: Jun 6, 2011 10:43 am