Standard Chartered PLC (LSE:STAN) is likely to exit Central Depository Services (India) Limited (NSEI:CDSL) by selling its entire 7.2% stake in the company through block deals on March 27, 2024, according to media reports. The bank has put 7.5 million shares in a block for sale and the floor price for the same is INR 1,672/share. This is at a discount of over 6% to the current market price of the stock.

StanChart seeks at least $151 million through the sale of the holding, reports said.