SEBI ruling leaves no arbitrage in StanChart IDR; down 20%

SEBI ruling leaves no arbitrage opportunity in StanChart IDR. SEBI ruling says StanChart need not convert IDRs into shares. StanChart IDR has touched a 52-week low of Rs 91.75. StanChart IDR has touched an intraday high of Rs 100.00 and an intraday low of Rs 91.75.
 
At 09:29 hrs the share was quoting at Rs 91.75, down Rs 22.90, or 19.97%. There were pending sell orders of 404,650 shares, with no buyers available.
 
It was trading with volumes of 223,373 shares, compared to its 5-day average of 10,558 shares, an increase of 2,015.68%. In the previous trading session, the share closed down 0.09% or Rs 0.10 at Rs 114.65.
 
The company touched its 52-week high Rs 134.50 and 52-week low Rs 99.80 on 03 Mar, 2011 and 15 Jun, 2010, respectively. Currently, it is trading -31.78% below its 52-week high and -8.07% above its 52-week low.