StanChart files prospectus for India listing

Standard Chartered said it has filed a draft prospectus related to its planned public share offering in India. The British bank said on Tuesday that it wanted to issue Indian Depository Receipts, adding that this would be the first listing of IDRs by an overseas company in India. StanChart, which is expanding its presence across Asia, is also listed in Hong Kong. The bank said it had hired UBS AG , Goldman Sachs, JM Financial Consultants, DSP Merrill Lynch, Kotak Mahindra Capital and SBI Capital Markets to manage the offering. StanChart appointed its STCI Capital Markets unit as a co-book running lead manager.