Promoter BSE has sold partial stake in Central Depository Services Ltd (CDSL) through open market transactions on Wednesday. According to bulk deals data available with the exchanges, BSE has offloaded about 47.44 lakh shares or 4.5% stake in the company. It held about 20% stake as a promoter in CDSL.
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Some Important Questions?
Q1. Should I hold CDSL shares?
Ans- It shows strong strength and potential in the stock. It has taken out its all-time high and looks to move further in its uncharted territory. The stock looks technically strong on all fronts and fundamentally sound. CDSL is certainly an attractive bet and traders shouldn't miss the opportunity in this stock.
Q2. Is CDSL a government company?
Ans- Central Depositories Services India Ltd. (CDSL) and National Securities Depository Ltd. (NSDL) are both government registered share depositories in India.
Q3. Who is the CEO of CDSL?
Ans- Shri Nehal Vora - Managing Director & Chief Executive Officer.
Q4. Does BSE own CDSL?
CDSL was initially promoted by BSE Ltd. Currently, the top shareholders are BSE Limited, Standard Chartered Bank, PPFAS Mutual Fund, HDFC Bank and LIC.
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CDSL: Secret Behind the Stake Sale
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