Bulk deals: Standard Chartered Bank offloads stake in CDSL
In Megastar Foods Limited, Zinnia Global Fund PCC- Cell Dewcap Fund acquired 55,480 shares, a 0.49 percent stake at an average price of Rs 275.37
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In Megastar Foods Limited, Zinnia Global Fund PCC- Cell Dewcap Fund acquired 55,480 shares, a 0.49 percent stake at an average price of Rs 275.37
Based on the December quarter shareholding pattern, India's Mutual Funds possess a 12.95% stake in CDSL
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.
Floor price for the block deal has been fixed at Rs 1,672 per share
At the end of December 31, 2023, Standard Chartered held 75 lakh shares in CDSL, equivalent to 7.18 per cent of the depository’s equity.