The Company has informed to the Exchange that the Company had opened the fungibility window for redemption of IDRs into shares on March 01, 2016 which shall be on a continuous basis in accordance with Securities and Exchange Board of India’s (SEBI) circular dated March 1, 2013 in relations to two-way fungibility of IDRs (the “Circular”).
The Company has further informed that based on the valid withdrawal applications received from the IDR holders and in accordance with the process laid down in the operating guidelines, the Company has redeemed an aggregate of 212190 IDRs and converted them into 21219 equity shares of the Company. The entire annual fungibility portion as required under the Circular has been satisfied in this redemption window.
The detail of redemption of IDRs of Standard Chartered PLC is given below:
|
Name of the Company
|
Scrip Code
|
Securities
|
Distinctive Nos.
|
|
Standard Chartered PLC
|
580001
|
212190 IDRs
|
8026731-8238920
|
The detail of listed IDRs of Standard Chartered PLC after above redemption is given below:
|
Name of the Company
|
Scrip Code
|
Securities
|
Distinctive Nos.
|
|
Standard Chartered PLC
|
580001
|
9682720 IDRs
|
1 to 8026730
|
Trading Members of the Exchange are requested to take note of the same.
In case the trading members require any clarification, they may please contact Mr. Raghavendra Bhat on Tel: 2272 8915.
Rupal Khandelwal
Senior Manager
December 11, 2019 |