CDSL block deal: Shares of CDSL slipped on Wednesday (March 27) by over 5 per cent in the morning deals after 7.4 per cent equity shares, or 77.2 lakh shares, changed hands via multiple block deals. As per reports, Standard Chartered Bank was expected to sell its entire 7.18 per cent stake in the company through a block deal. As per Zee Business research, the floor price for the deal was fixed at Rs 1,672 apiece, which implies a discount of 6.5 per cent from Tuesday's closing.

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Last seen, CDSL shares were down 5.38 per cent, or Rs 96.3, at Rs 1,692.6 apiece on NSE. The company's market capitalisation stood at Rs 17,687.67 crore at around the same time. 

The development comes at a time when CDSL has delivered impressive returns to its investors. Over the past year, the stock has surged by 87.27 per cent, significantly outperforming the Nifty Smallcap 250 index, which has returned 30 per cent over the same period.

CDSL Q3 results 

The company recorded a net profit for the three months ended on December 31 at Rs 107.48 crore against Rs 74.769 crore in a year. The income from the operation of the company for the quarter under review stood at Rs 214.48 crore against Rs 141.19 crore a year ago. 

The segment revenue for the quarter stood at Rs 214.49 crore against Rs 141.2 crore year-on-year (YoY). 

Recently, the company received approval from market regulator Sebi for further investment in ONDC along with the requisite details as per the SEBI Listing Regulations and the amount remitted towards share application money in ONDC by way of subscription of 10,00,000 equity shares of Rs 100 each.

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