Shares of Central Depository Services (CDSL) are trading at a premium of more than 50 per cent in the grey market. The premium is much higher than what its parent BSE commanded ahead of its initial public offering (IPO) earlier this year.
Experts say stable earnings growth, attractive valuations, and high return on equity make it a compelling case for investors to buy the country’s first depository IPO, which will remain open from June 19 to June 21.
Samie Modak
10 in the fray for Sebi ED posts
An internal search committee of the Securities and Exchange Board of India (Sebi) will interview 10 internal candidates on Thursday for executive director positions. Sources said the market regulator had sent communication to all its eligible chief general managers to apply for the posts. The appointment process follows an increase in the executive director count to nine, from the earlier eight. Six of the nine executive directors would be internal, the rest would come on deputation. At present, Sebi has six functional executive directors. Sebi staffers were lobbying for more internal promotions and had even moved Bombay High Court over this.
Shrimi Choudhary
Bonus bonanza for investors
A slew of companies have announced bonus issues in recent months. Some of them include ICICI Bank, Mahindra Holidays, Larsen & Toubro, and oil marketing companies Hindustan Petroleum and Bharat Petroleum. Interestingly, these companies have their ex-bonus date over the next few weeks. Investors who hold the shares in these companies before the ex-bonus date would be eligible for the bonus issue.
Samie Modak
To read the full story, Subscribe Now at just Rs 249 a month