|
New Delhi/London: The UK-based global banking giant, Standard Chartered, on Thursday said it is actively considering listing of its shares in India and discussions were on with the relevant authorities in the country.
Besides, it is also exploring the possibility of listing itself in another emerging Asian market China, the banking behemoth said.
"Standard Chartered is actively considering listing of its shares in India via an issue of Indian Depository Receipts (IDRs) in order to grow brand presence and its business in this key market," the bank said in its interim management statement for the third quarter of 2009.
"We are working with the Indian authorities and a decision on timing will be taken in due course," the bank said, adding, it was also exploring the possibility of listing in China.
Earlier this month, Standard Chartered's India and South Asia CEO Neeraj Swaroop had said it has got approval from the Reserve Bank of India for the IDR listing and would approach the market regulator SEBI in due course.
Standard Chartered, which raised USD 1.6-billion in August by issue of new shares to support its business growth in emerging markets, could become the first foreign entity to list its IDRs in India.
More from BANKING & FINANCE
Discuss this story on expressindia forums
|
|
 |
 |
 |
About Us | Contact Us | Advertisers | Site Map | Make us your homepage | Work for Us | RSS | Subscribe | Electronic Edition | Privacy Policy© 2009: The Indian Express Limited. All rights reserved throughout the world
