Key Points
Shares of CDSL fell up to 6.4% to Rs 1,675 amid a block deal by Standard Chartered Bank.
The floor price for the block deal is Rs 1,672 per share, representing a 6.3% discount to the last close.
JPMorgan India is likely to advise on the 100% secondary placement.
CDSL received its SEBI business commencement certificate in February 1999.
Standard Chartered Bank held 7.18% of CDSL’s equity since its IPO.
India’s Mutual Funds have a 12.95% stake in CDSL, with names like Parag Parikh Flexi Cap Fund among investors.
CDSL’s stock is currently trading 5.5% lower at Rs 1,691.
The stock debuted in 2017 at an IPO price of Rs 149, up over 10x since then.
CDSL registered 10 crore Demat accounts in November last year, a milestone in the depository sector.

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