Date:16/03/2006 URL: http://www.thehindu.com/2006/03/16/stories/2006031604931603.htm

Business - Briefly

StanChart refunds FPO money through ECS

CHENNAI: Standard Chartered Bank has become the first bank to refund public offer money to investors through the Electronic Clearing Services (ECS) route. The bank refunded the money to investors in the recently concluded follow-on public offer (FPO) of K Sera Sera Productions through the ECS mode, Bala Swaminathan (Regional Head-Client Relationships, India and South Asia, said in a statement.