The Philippine Stock Exchange Inc. (PSE) announced on Tuesday that it has completed the acquisition of an 8 percent stake in the Philippine Dealing System Holdings Corp. (PDSHC), increasing its ownership to approximately 91 percent.
PSE purchased 500,000 shares of PDSHC from Tata Consultancy Services Asia Pacific PTE. LTD. for ₱300 million, or ₱600 per share. This price is based on PDSHC’s enterprise value of P3.75 billion.
This acquisition is part of PSE’s long-term strategy to raise its stake in PDSHC to 95 percent. PDSHC is a holding company that invests in and holds shares of stock in exchange platforms as well as corporations, offering key support services such as depository, registry, clearing, settlement, custody, securities borrowing and lending, and information technology services for exchanges and related platforms.
The transaction further strengthens PSE’s position within the capital markets infrastructure in the Philippines and is aligned with its ongoing efforts to enhance the efficiency and capability of the local securities market.
