Date:25/11/2008 URL: http://www.thehindu.com/2008/11/25/stories/2008112552571600.htm
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Business

StanChart plans $2.7b rights issue


LONDON: Emerging markets bank Standard Chartered plans to raise 1.8 billion pounds ($2.7 billion) from a rights issue to boost its capital base and give it flexibility to pursue acquisitions, it said on Monday.

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