BSE off-loads 4.15% stake in CDSL

Mumbai, Oct 14 (IANS) Stock exchange major BSE on Friday said that it has raised Rs 34.23 crore by off-loading a 4.15 percent stake in Central Depositor Services India (CDSL).

“BSE concluded sale of 43,36,750 shares amounting to 4.15% of CDSL 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.

“BSE will hold 50.05% shares of CDSL post this transaction.”

Other promoters of CDSL 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.

–IANS

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