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IDR booster for retail investors.
from BUSINESS LINE, March 03, 2011 Chennai, March 2 - As India boosted Standard Chartered Bank's wealth, its IDR - Indian Depository Receipt - made domestic investors richer.
For retail investors, the StanChart IDR has returned 15 per cent since its listing on June 11, 2010, outperforming its underlying shares listed on the London Stock Exchange. StanChart, which surged sharply in today's trade to USD1,673 at 5-00 p.m. IST, has returned 5.3 per …
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