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(As on Dec 30, 2016, 00:15)

CDSL files draft papers for IPO

Leading securities depository CDSL, promoted by BSE, has filed the draft papers for an initial public offer through which it plans to sell more than 3.5 crore shares, reported PTI.

Four shareholders - BSE, SBI, Bank of Baroda and the Calcutta Stock Exchange - would be selling stakes in Central Depository Services (India) Ltd (CDSL) through the IPO.

Little over 3.5 crore shares would be offloaded through the Offer for Sale (OFS) route and out of the total, 7 lakh shares would be reserved for the employees, as per the Draft Red Herring Prospectus (DRHP).

Net offer would constitute 32.98 per cent of CDSLs post offer paid up equity share capital.

BSE, which holds 50.05 per cent stake in the entity, is itself preparing to come out with an initial share sale, reported PTI.

Other major shareholders in the company are State Bank of India, HDFC Bank, Standard Chartered Bank, Canara Bank, Bank of India, Bank of Baroda, Life Insurance Corp, Union Bank of India and Bank of Maharashtra.

CDSLs revenue from operations include transaction, account maintenance charges and settlement charges paid by depository participants. Besides, there are annual fees, corporate action charges and e-voting charges paid by companies concerned.

In financial year 2016, the company had a net profit after tax of Rs 74.14 crore. It began its depository business in 1999.

"The net worth of our company as of September 30, 2016, on the basis of the Restated Consolidated Financial Information and the Restated Unconsolidated Financial Information was Rs 4,511.05 million and Rs 3,971.94 million, respectively," the DRHP said.

Axis Capital, Edelweiss Financial Services, Nomura Financial Advisory and Securities (India) and SBI Capital Markets are the global co-ordinators and book running lead managers for the offer.

SEBI REGN NO -NSE CASH : INB231283533 NSE EQUITY DERIVATIVES : INF231283533 NSE CURRENCY DERIVATIVES : INE231283533 BSE CASH: INB011283539 BSE EQUITY DERIVATIVES: INF011283539
FMC unique member code - MCX : MCX/TCM/CORP/1033 NCDEX MEMBER ID:00884 FMC unique member code - NCDEX : NCDEX/TCM/CORP/0854
DP ID No. : 12052700   DP Sebi Reg.No.IN-DP-CDSL-432-2007
NSE | BSE | RBI | SEBI | CDSL | MCX | NCDEX

ATTENTION INVESTORS "Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day.......... Issued in the interest of investors". "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with us. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day.......... Issued in the interest of investors". "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary".

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