Miércoles, 23 Agosto, 2017

Depository firm CDSL's Rs 524 crore IPO fully subscribed on day 1

A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange building in Mumbai A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange building in Mumbai
Malita Javier | 19 Junio, 2017, 16:32

The IPO of Central Depository Services (India) involves its shareholders, including BSE, offloading over 3.5 crore shares through the OFS route.

He said that the money raised from "Offer for Sale" would be utilised for repaying debt, adding that the balance Rs 240 crore would be utilised for improving the network infrastructure. CDSL has fixed a price band of Rs 145 to Rs 149 per share for its initial public offering which opens on June 19 and closes on June 21.

No 'proof' on 'collusion' with Russians, says Donald Trump
In this regard, counsel Robert S Mueller III has sought interviews with senior United States intelligence officials. Trump took to Twitter Friday morning to lash out at the months-long investigation into Russian Federation meddling.

The company expanded its reach in the states of Maharashtra, Rajashthan, AP, Telegana and Jharkhand.

The company is one of the two depositories in India which naturally makes it a sought-after upcoming IPO.

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The problem caused him to leave Thursday's game in the seventh inning, and he was still in the hospital on Friday night. Martinez's double made it 2-2 in the bottom of the third, but Cobb and Verlander both settled down at that point.

Through this IPO, its existing promoter Bombay Stock Exchange (BSE) is selling 3.52 crore shares to public due to which its stake in CDSL will reduce to 24 per cent from 50.1 per cent now.

CDSL is the second largest depository in terms of market share and has been growing at decent CAGR of 23% and 14% in 3 to 5 years.

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China's Xinhua news agency reported police as saying that the incident took place near Finsbury Park Mosque in Seven Sisters Road. The Finsbury Park Mosque - located in a vibrant, multicultural area of north London - was once closely associated with extremism.

CDSL was established in 1997 by BSE, which holds a 50.05% equity stake in the depository unit. However, the scenario is changing gradually and this is a big positive for players like CDSL. Just like its revenues, CDSL has seen an uptick in profits as well. Out of the Rs 74.1 crore, it earned past year, CDSL paid a total of Rs 31.4 crore in the form of dividends.

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