October 23, 2016 10:46 PM ET


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 dematerialization account opening, nomination, dematerialization and re-materialization of securities, processing delivery and receipt instructions, account statement, bank account details, change in address, pledging, transmission of securities, and SMS services. It serves investors through intermediaries, such as depository participants, issuer companies, registrar and transfer agents, beneficial owners, and clearing members. Central Depository Services India Limited was founded in 1999 and is based in Mumbai, India. Central Depository Services India Limited ope...

Phiroze Jeejeebhoy Towers

17th Floor

Dalal Street

Mumbai,  400 023


Founded in 1999


91 22 2272 3333


91 22 2723 199

Key Executives for Central Depository Services India Limited

Chief Executive Officer, Managing Director and Director
Age: 53
Chief Financial Officer and Senior Vice President
Senior Vice President of Operations
Executive Vice President
Age: 61
Senior Vice President of New Projects & Insurance Repository Matters
Compensation as of Fiscal Year 2016.

Central Depository Services India Limited Key Developments

BSE Reportedly Looks To Divest Up To 30% In CDSL Through IPO

BSE Ltd. is preparing to divest a stake of up to 30% in Central Depository Services India Limited (CDSL) through an initial public offering (IPO) that could fetch the exchange up to INR 5 billion, said three people aware of the development. "The company and BSE are currently in discussions with various investment banks and they are expected to hire a set of bankers to start working on the draft prospectus over the next one or two months," said one of the three people cited above, requesting anonymity as the talks are private.

Life Insurance Corporation Eyes 10% In Central Depository Services

Life Insurance Corporation of India is reportedly close to picking up a 10% stake in Central Depository Services Ltd (CDSL) from BSE Ltd, which holds 54.2% for INR 8 billion to INR 8.5 billion.

Investors Eye National Securities Depository And Central Depository Services

National Stock Exchange and Bombay Stock Exchange are in an advanced stage of talks with investors for selling their shareholdings in National Securities Depository Ltd (NSDL) and Central Depository Services India Ltd (CDSL), respectively. NSE has around 25% stake in NSDL, while BSE's holding in CDSL is around 54%. The deadline for cutting the stake to at least 24%, set by stock market regulator Securities and Exchange Board of India (SEBI), ended last month. Both exchanges are in separate talks with institutional investors, including Life Insurance Corporation of India (LIC), to sell their holdings. "We are talking with a few and (are) in an advanced stage for diluting about 1%," said a NSE spokesperson. The one for BSE declined to comment.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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