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NSE hikes stake in NSDL to 25.05%

NSE hikes stake in NSDL to 25.05%
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First Published: Tue, Mar 09 2010. 12 35 AM IST
Updated: Tue, Mar 09 2010. 12 35 AM IST
Mumbai: The Specified Undertaking of Unit Trust of India (SUUTI) on Monday sold 9.42% of its existing stake in National Securities Depository Ltd (NSDL) to National Stock Exchange (NSE). Following the sale, SUUTI has a 15.58% stake in the depository.
IDBI Bank Ltd, SUUTI and NSE are the three promoters of NSDL, which currently manages over 10 million investor accounts. NSE’s shareholding in NSDL will go up from 15.63 % to 25.05% after this transaction, while IDBI will continue to be the largest stakeholder with 30%.
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First Published: Tue, Mar 09 2010. 12 35 AM IST
More Topics: NSE | NSDL | SUUTI | Money Matters | Equities |