Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Money / NSE hikes stake in NSDL to 25.05%
BackBack

NSE hikes stake in NSDL to 25.05%

NSE hikes stake in NSDL to 25.05%

Premium

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%.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Anirudh Laskar
Anirudh reports on significant corporate matters including large mergers and acquisitions, India's emerging e-commerce sector and regulatory issues in the corporate and financial services industry. Over the past 17 years, he has covered many beats including banking, NBFCs, aviation, automobile, insurance, markets, SEBI, IRDAI, mutual funds, investment banking, private equity, deals, and conglomerates.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 09 Mar 2010, 12:35 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App