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Standard Chartered Bank sells entire 7.18% stake in CDSL for Rs 1,266 crore

By Business Standard - 8 months ago
Standard Chartered Bank on Wednesday sold its entire 7.18 per cent stake in Central Depository Services (India) Ltd for Rs 1,266 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Standard Chartered Bank offloaded 75 lakh shares of Central Depository Services (India) Ltd (CDSL). The shares were disposed of at an average price of Rs 1,688.64 apiece, taking the transaction value to Rs 1,266.48 crore. As of December 2023, Standard Chartered Bank had owned a 7.18 per cent stake in CDSL, shareholding data showed with the NSE. Details of the buyers of CDSL's shares could not be ascertained. Shares of CDSL plunged 5.58 per cent to close at Rs 1,689 apiece on the NSE.. In a separate transaction on the NSE, Chicago-based Equity International divested a 4.7 per cent stake in Samhi Hotels for Rs 209 crore through an open market transaction. Equity International through its affiliate company -- Blue Chandra Pte Ltd --

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