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CDSL raises Rs 154 crore from anchor investors

Press Trust of India  |  New Delhi 

Central Depository Services (India) Ltd (CDSL) today raised Rs 154.07 crore from 15 anchor investors ahead of its initial public offering (IPO) that opens on June 19.

As many as 1.03 crore equity have been issued to Investment Authority - Behave, FIL (Mauritius) Ltd, Goldman Ltd, Magnum Gain Scheme, DSP Blackrock Equity Savings Fund and other anchor investors. These have been allotted at a price of Rs 149 apiece.

The price band for the share sale has been fixed at Rs 145-149.

As per a filing by to the exchanges, the securities depository firm has raised Rs 154.07 crore by allocating 1.03 equity to 15 anchor investors.

Through the offer, which closes on June 21, CDSL's promoter and leading stock exchange plans to sell 3.51 crore shares.

The book running lead managers to the offer are Haitong Securities Pvt Ltd, IDBI Capital Markets and Securities Ltd and YES Securities (India) Ltd.

is the second largest depository in the country.

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

First Published: Fri, June 16 2017. 22:42 IST