Standard Chartered Bank
Standard Chartered Bank is poised to withdraw its investment in Central Depository Services (India) Ltd (CDSL) by liquidating its complete holding via a block deal. As per a term sheet examined by Mint, the bank intends to sell 7.5 million shares, which constitutes a 7.18% ownership in CDSL.
The floor price for the block deal has been set at Rs 1,672 per share, reflecting a 6.3% discount from the previous closing price of Rs 1,785. The offering consists entirely of secondary placement, with JPMorgan India expected to serve as the advisor for the proposed block deal.
