With reference to Regulation 76(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Annexure II of circular no. CIR/CFD/CMD/9/2015 dated November 4, 2015 issued by the Securities and Exchange Board of India in relation to two-way fungibility of IDRs, Standard Chartered has informed that the Company has provided the option of redemption of all outstanding IDRs into ordinary shares of the Company (Shares) on a continuous basis from March 1, 2016.Based on a valid withdrawal order received from the IDR holder and in accordance with the process laid down in the updated operating guidelines, the Company has redeemed IDRs 265,000 (aggregating to 0.11041667% of the originally issued IDRs) during August 2019.
The above information is a part of company’s filings submitted to BSE.
