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Standard Chartered - two-way fungibility of Indian Depository Receipts

29 Apr 2013

Slaughter and May is advising Standard Chartered PLC (the 'Company') on the implementation of a partial two-way fungibility programme enabling the redemption of Indian Depository Receipts ('IDRs') issued by the Company into ordinary shares of the Company ('Shares') and the conversion of Shares into IDRs.

The Shares to be released on redemption of IDRs will be registered on the UK share register and traded on the London Stock Exchange.
 
Contacts

Corporate: Nilufer von Bismarck (partner), Richard Marron (associate)

http://www.slaughterandmay.com/news-and-recent-work/recent-work/recent-…

Matter Type
Banking & Finance - Capital Markets: Equity
Industry
Finance & Banking
News Category
M&A
Banking & Finance