Nairobi, July 14 -- Nairobi Securities Exchange (NSE) Limited has nearly doubled its stake in Central Depository & Settlement Corporation Limited to 40.5 percent with two deals valued at Sh111.9 million.
NSE company disclosed in latest annual report that its indirect stake in Central Depository & Settlement Corporation (CDSC), a firm which provides automated clearing, delivery and settlement of shares, has risen from 22.5 percent held in the previous year.
The new stake came after NSE bought 88.8 percent in Association of Kenya Stockbrokers (AKS) Nominees Limited. AKS holds 18 percent stake in CDSC.
The transaction was carried out in two tranches. The first was late last year in which NSE bought a 61 percent stake at Sh77 million.
NSE t...