January 28, 2015 11:48 AM ET

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Company Overview of Central Depository Services India Limited

Company Overview

Central Depository Services India Limited provides depository services to investors in India. It offers various services, such as dematerialisation account opening, nomination, dematerialisation and remateriliasation of securities, processing delivery and receipt instructions, account statement, bank account details, change in address, transposition-cum- dematerialisation, settlement of securities in dematerialisation form, pledge of dematerialised securities, corporate actions and public offerings, lending and borrowing of dematerialised securities, transmission of dematerialised securities, and electronic access to securities information, as well as online depository services. It serves th...

Phiroze Jeejeebhoy Towers

17th Floor

Dalal Street

Mumbai,  400 023

India

Founded in 1999

Phone:

91 22 2272 3333

Fax:

91 22 2272 3333

Key Executives for Central Depository Services India Limited

Chief Executive Officer
Age: 51
Chief Financial Officer and Senior Vice President
Executive Vice President of Business Development and Chief Executive Officer of Cdsl Ventures Limited
Age: 59
Senior Vice President of Operations
Senior Vice President of Business Development
Compensation as of Fiscal Year 2014.

Central Depository Services India Limited Key Developments

CDSL Reportedly Mulls IPO

Central Depository Services India Limited (CDSL) intends to launch an initial public offering (IPO). BSE Ltd. and other shareholders plans to sell 25% to 30% stake in CDSL, said two sources close to the development. If the stake sale happens at the expected price, it would value CDSL at approximately INR 12 billion. Promoters of CDSL and top officials of the depository had met some time ago to discuss the valuations and other details, the sources said. Kotak Bank may be roped in to manage the issue. Responding to an email query from ET, CDSL said it had no comments to offer in the matter. BSE also declined to comment.

CDSL Reportedly Initiates The Process Of IPO

Central Depository Services India Limited (CDSL) said on January 8, 2015 that it has initiated the process to launch an initial share sale. Its major shareholder BSE Ltd. and a clutch of banks want to sell 25%-30% in the share depository for INR 3 billion-INR 4 billion in a public offering, said two sources close to the development, reported media. Promoters of CDSL and top officials of the depository had met some time ago to discuss the valuations and other details, the sources said. Responding to an email query from Economic Times, CDSL said it had no comments to offer in the matter and BSE also declined to comment, reported Economic Times.

BSE Plans An IPO

BSE Ltd plans an Initial Public Offer (IPO). The transaction are required to meet a three-year deadline, ending 2015, to reduce stake. BSE declined to comment on plans for its subsidiary, Central Depository Services (India) Limited (CDSL). However, the bourse has informed shareholders that it is working on an IPO. "Subject to the approval of Sebi (Securities and Exchange Board of India), your company proposes to list its securities on any recognised stock exchange other than its sponsor exchange. This will provide an exit route to the majority of shareholder/s who want to exit or offload part of their holding by way of offer for sale. However the holding of all sponsors taken together at all times shall not be less than 51% of the total share capital of the company," the CDSL annual report stated.

Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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