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Customary Chartered to promote its whole 7% CDSL stake for Rs 1,250 crore

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Customary Chartered to promote its whole 7% CDSL stake for Rs 1,250 crore

MUMBAI: Customary Chartered is promoting its whole 7.2% holding in CDSL, the most important depository within the nation, for about Rs 1,250 crore ($151 million) by way of block offers on Wednesday. All of 75 lakh CDSL shares at the moment held by the UK-headquartered financial institution are being offered at a minimal value of Rs 1,672 per share (6.5% low cost to the closing value), the deal’s time period sheet confirmed.

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