InvestorQ : Why is the BSE planning to sell its stake in CDSL?
Arti Chavan made post

Why is the BSE planning to sell its stake in CDSL?

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2 years ago
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BSE, one of the promoters of CDSL, is proposing to sell a total of 41.8 lakh shares in CDSL through the OFS route. This represents nearly 4% stake in CDSL. The OFS is priced at around Rs.205/share. Currently, BSE holds 24% stake in CDSL, which is the second largest depository after NSDL in terms of value of assets under custody.

For BSE, the sale is more as part of exiting its non-core holdings by monetizing its stakes in other companies.
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