Global banking major Standard Chartered is looking at roping in anchor investors for its Indian Depository Receipts (IDR) issue likely to hit the market around May-end.
“Standard Chartered is interested in having anchor investors and its investment bankers have initiated talks with a few entities for the same,” a source close to the development said.
When contacted, a StanChart spokesperson said the bank did not have any comment to offer. “We don’t comment on market speculation,” the spokesperson said.
The bank’s investment bankers are, however, understood to have initiated discussions with a few leading banks and mutual funds in a bid to rope them in as anchor investors, the source said.
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