Standard Chartered has informed that the Company has provided the holders of the IDRs of the Company (the IDR Holders) with the opportunity to surrender IDRs held by them (between June 17, 2019 to September 30, 2019) and request the sale of the Shares underlying such IDRs on the London Stock Exchange in the United Kingdom (the Surrender & Sale Process). In this regard, it also informed that valid Instruction Letters were received from IDR Holders in the week of August 19 to August 23, 2019 for surrender of 33390 IDRs requesting sale of Shares underlying such IDRs. Accordingly, 3339 Shares underlying the IDRs were sold on the LSE under the Surrender & Sale Process on August 28, 2019 and 33390 IDRs will be cancelled as part of the Surrender & Sale Process. The number of outstanding IDRs as on August 30, 2019 (excluding the IDRs for which valid applications have being received as above) are 8,907,830 IDRs.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
HDFC Bank | 1461.80 |
ICICI Bank | 1120.95 |
Axis Bank | 1124.15 |
Indusind Bank | 1422.15 |
Kotak Mahindra Bank | 1646.60 |
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