Page 4 - Cdsl

DHFL hits over 10-year low after CDSL freezes promoters' shareholding

DHFL defaulted on multiple commitments after it was in trouble due to the non banking financial companies (NBFC) crisis which started after the fallout of IL&FS.

DHFL promoters' holding frozen for delay in first quarter results

However, sources close to DHFL said the company is going to declare its results in few days and is arranging a board meeting for the purpose

CDSL freezes DHFL promoters' holding over delay in announcing Q1 results

Leading depository CDSL has frozen shareholding of debt-ridden mortgage lender DHFL's promoters because of delay in announcement of the company's financial earnings, sources said on Monday. The decision has been taken after the company failed to announce its first quarterly results, they said. However, sources close to Dewan Housing Finance Corporation Ltd (DHFL) said the company results are expected to be announced in next few days, for which the board meeting is expected to be called for, they added. DHFL, which has been severely impacted by the NBFC crisis which unfolded late last year following the IL&FS bankruptcy, has defaulted on multiple commitments. The Wadhawan family, which owns a little over 39 per cent in the DHFL, has been looking at various ways of coming out of the stress. These include selling stakes in group entities, including in the flagship to the extent of giving up half of their stake. Sources on Monday said CDSL, which allows investors to deposit securities

CDSL sees best listing day gain since D-mart

Shares of Central Depository Services (CDSL) gained 75 per cent during their stock market debut on Friday, the best listing day performance since March, when Dmart operator Avenue Supermart's shares had more than doubled. Shares of CDSL closed at Rs 260.7; the issue price was Rs 149. The stellar debut followed a huge response for its Rs 525-crore Initial Public Offer (IPO), which saw 170 times more demand than the shares on offer. The shares only traded on the National Stock Exchange, hit a high of Rs 270 and a low of Rs 250, with a total of Rs 1,315 crore changing hands. At the closing price, CDSL's market capitalisation was Rs 2,734 crore."The debut was in line with the expectations. The company's IPO was one of the most subscribed in the history of Indian capital markets. CDSL has provided a unique investment opportunity, as it is the first depository to list," said Dharmesh Mehta, managing director, Axis Capital. P S Reddy, managing director of CDSL, says the potential for the ...

CDSL to launch Rs 524-cr IPO on June 19

Central Depository Services India (CDSL) will launch its much-awaited initial public offering (IPO) on June 19. Promoter BSE will sell 26 per cent stake in the depository in the IPO to comply with the shareholding requirement imposed by market regulator Securities and Exchange Board of India (Sebi). The exchange currently holds 50.05 per cent stake in CDSL. To meet Sebi norms, it had to bring down its holding to minimum of 24 per cent by March 31, 2017. The market regulator, however, has extended the deadline till June 30. CDSL's Rs 524-crore IPO will close on June 21 and the listing will take place before June 30.The IPO entirely comprises of secondary share sale of 35.2 million shares which are being offered in the price band of Rs 145 to Rs 149 per share. Besides BSE, State Bank of India, Bank of Baroda and Calcutta Stock Exchange will be offering their 4.57 per cent, 2.08 per cent and 0.96 per cent stake in the IPO.The offering will comprise of 33.65 per cent of paid-up equity ...