BSE sells stake in CDSL via bulk deal; Madhusudan Kela’s wife Madhuri Kela buys in Sangam

June 14, 2023

BSE has sold 4.5% stake or 47.44 lakh shares in Central Depository Services Ltd (CDSL) through open market transactions to comply with regulatory norms, which state that a stock exchange can only hold a 15% stake in a depository. ICICI Pru Tech fund bought 5.28 lakh shares in CDSL or around 0.5%. Meanwhile, Madhuri Kela, wife of Madhusudan Kela, acquired a 1.67% stake in Sangam India by buying 8.4 lakh shares. Sangam India is the largest producer of PV dyed yarn in Asia with an annual capacity to produce 30 million meters of fabric and 48 million meters of denim.

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