Shifting goal post

When Standard Chartered Plc decided to list itself in India a year ago through a Indian Depository Receipt (IDR) issue it attracted much attention. That a company of StanChart's pedigree could seek local listing was seen as proof that the Indian capital market, with its large pool of investors, was becoming a big draw for global companies. However, a year hence, no other global company has taken the IDR route to list on the Indian bourses.

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