Key Points
MUMBAI - Standard Chartered Bank is likely to exit Central Depository Services (India) Ltd by selling its entire 7.2% stake in the company through block deals on Wednesday, according to media reports...
The bank has put 75 lakh shares in a block for sale and the floor price for the same is Rs 1,672/share..
This is at a discount of over 6% to the current market price of the stock..
StanChart seeks at least $151 million through the sale of the holding, reports said.. CDSL was set up in 1999 by BSE, along with banks such as State Bank of India, Bank of India, Bank of Baroda, HDFC Bank, Standard Chartered Bank, and Union Bank of India...
