LIC eyes 10% stake in CDSL from BSE for about Rs 83 crore


State-owned life insurer LIC is likely to buy 10% stake in Central Depository Services Ltd (CDSL) from BSE in a deal that may value the leading depository at about Rs 825 crore.At this valuation, the 10% stake will be worth Rs 82.5 crore sources said. BSE, which holds 54.20% stake in CDSL, is paring its stake in the depository to comply with the capital markets regulator Sebi norm…Read More

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