UK bank Standard Chartered's Indian depositary receipts will begin trading on June 11, a company executive said on Friday, in the first issue of its kind in the country.Standard Chartered was raising up to about $590 million in an IDR issue that was 2.2 times covered in the public offer portion as of late Friday, stock exchange data showed, with the vast majority of orders coming on the final day of bookbuilding.(Reporting by Sumeet Chatterjee and Prashant Mehra; writing by Tony Munroe)News posted by www.newsinfoline.com
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