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CDSL shares drop 6% after Standard Chartered likely exits in Rs 1,250-crore block deal

JPMorgan had last evening issued a term sheet for a block deal in which Standard Chartered Bank offered to sell its entire 7.18% stake at a floor price of Rs 1,672 per share. The deal size is estimated to be worth Rs 1,250 crore at floor price. But a confirmation about the deal would come in the evening when exchanges release block deal data. ....

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