Tuesday, June 13, 2017

CSDL IPO opens on 19th June, sets price band

CDSL IPO will open on June 19. Promoter BSE will sell 26 per cent stake in the depository via the IPO to comply with the shareholding requirement imposed by markets regulator. 

The exchange currently holds 50.05 per cent stake in CDSL. 

The IPO entirely comprises of secondary share sale of 35.2 million shares which are being offered in the price band of Rs 145-149 per share. Besides the BSE, State Bank of India, Bank of Baroda and Calcutta Stock Exchange will be offering their 4.57 per cent, 2.08 per cent and 0.96 per cent stake, respectively, in the IPO.

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