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Business News/ Companies / IDRs fall 20%, shares tumble
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IDRs fall 20%, shares tumble

Joel Rebello

IDRs fall 20%, shares tumble

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Mumbai: Standard Chartered Plc’s Indian depository receipts (ID ₹ ended at ₹ 83.15 on BSE on Tuesday, down 20% from the previous close even as the benchmark Sensex rose 1.08% to close at 17601.78 points. Shares in the Asia-focused bank were down 20% at £11.76 at 6.40pm IST.

The bank is the only listed overseas firm that has IDRs. One Standard Chartered share is equal to 10 IDRs.

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Published: 08 Aug 2012, 01:13 AM IST
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