Indian depository receipts (IDRs) of Standard Chartered Bank, UK plunged by 17.53% to Rs. 94.55 on the Bombay Stock Exchange, after Securities and Exchange Board of India (SEBI) ruled that companies will not be allowed to convert frequently-traded IDRs into shares.
The shares of Standard Chartered Bank were locked at 15% upper circuit, yesterday. The scrip had touched a new 52-week low of Rs. 91.75.
The scrip closed down Rs. 20 or 17.53% at Rs94.55. it had touched an intra day high of Rs. 101.70 and an intra day low of Rs. 91.75, marking it to be a 52-week low.
The total traded quantity stood at 182.66 lakh shares on the BSE
The shares of Standard Chartered Bank were locked at 15% upper circuit, yesterday. The scrip had touched a new 52-week low of Rs. 91.75.
The scrip closed down Rs. 20 or 17.53% at Rs94.55. it had touched an intra day high of Rs. 101.70 and an intra day low of Rs. 91.75, marking it to be a 52-week low.
The total traded quantity stood at 182.66 lakh shares on the BSE
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