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BSE off-loads 4.15% stake in CDSL

IANS  |  Mumbai 

Stock exchange major on Friday said that it has raised Rs 34.23 crore by off-loading a 4.15 percent stake in Central Depositor Services (CDSL).

"concluded sale of 43,36,750 shares amounting to 4.15% of stake of Rs 78.93 per share aggregating to Rs 34.23 crore on October 14, 2016," the stock exchange major said in a statement.

"will hold 50.05% shares of post this transaction."

Other promoters of are Bank of India, Bank of Baroda, State Bank of India, HDFC Bank, Standard Chartered Bank, Canara Bank, Union Bank of India, Bank of Maharashtra and the Calcutta Stock Exchange Limited.

CDSL was initially promoted by BSE which has thereafter divested its stake to leading banks as "Sponsors" of CDSL.

CDSL was set up with the objective of providing convenient, dependable and secure depository services at affordable cost to all market participants.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 14 2016. 21:30 IST