Thursday, December 15, 2016
CDSL to come up with an IPO
After BSE and NSE, now Central Depository Services Limited (CDSL) is planning to come up with an IPO. The issue would be entirely a stake sale by BSE and HDFC Bank and some other banks. BSE currently owns 50 per cent stake in CDSL and will dilute around 26 per cent in the IPO
Central Depository Services Limited (CDSL), is the second Indian central securities depository based in Mumbai. Its main function is the holding securities either in certificated or uncertificated (dematerialized) form, to enable book entry transfer of securities
CDSL is promoted by Bombay Stock Exchange Limited (BSE) jointly with State Bank of India, Bank of India, Bank of Baroda, HDFC Bank, Standard Chartered Bank, Axis Bank and Union Bank of India. According to the Securities and Exchange Board of India's (Sebi's) regulations, no stock exchange can own more than 24 per cent stake in a MII. The deadline for BSE to bring down its holding in CDSL ends on March 31, 2017. Sources said CDSL is aiming to launch its IPO before the deadline.
Central Depository Services Limited (CDSL), is the second Indian central securities depository based in Mumbai. Its main function is the holding securities either in certificated or uncertificated (dematerialized) form, to enable book entry transfer of securities
CDSL is promoted by Bombay Stock Exchange Limited (BSE) jointly with State Bank of India, Bank of India, Bank of Baroda, HDFC Bank, Standard Chartered Bank, Axis Bank and Union Bank of India. According to the Securities and Exchange Board of India's (Sebi's) regulations, no stock exchange can own more than 24 per cent stake in a MII. The deadline for BSE to bring down its holding in CDSL ends on March 31, 2017. Sources said CDSL is aiming to launch its IPO before the deadline.
Tags
# CDSL IPO
# Central Depository Services IPO
# IPO in 2016
# IPO News
# List of Upcoming IPOs
# List of Upcoming Public Offers
# Upcoming IPO
# Upcoming IPO in 2016
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