August 27, 2016 11:57 AM ET

Capital Markets

Company Overview of Stock Holding Corporation of India Limited

Company Overview

Stock Holding Corporation of India Limited provides custodial, depository participant, derivative clearing, and other financial services to institutional investors, banks, mutual funds, and retail investors in India. The company also acts as a central record keeping agency for collection and payment of non-judicial stamp duty. It offers demat, broking, clearing member, NRI, derivative, business associate, financial products distribution, gold and silver bullion, gold accumulation, and national pension system services. The company also provides custodial, clearing and settlement, electronic and physical safekeeping, and customized reporting services; Web-delivery of daily trades reports, mark...

Centre Point

Unit No. 301, 3rd Floor

Dr. Babasaheb Ambedkar Road

Parel

Mumbai,  400012

India

Founded in 1986

Phone:

91 22 6177 9400

Key Executives for Stock Holding Corporation of India Limited

Chief Executive Officer, Managing Director and Director
Chief Financial Officer and Executive Vice President
Chief Operating Officer and Executive Vice President
Chief Executive Officer of SHCIL Project Limited, Managing Director of SHCIL Project Limited and Director of SHCIL Project Limited
Chief Executive Officer of SHCIL Services Ltd, Managing Director of Director of SHCIL Services Ltd and Director of SHCIL Services Ltd
Compensation as of Fiscal Year 2016.

Stock Holding Corporation of India Limited Key Developments

IFCI Puts On Hold Partial-exit Plan In Stock Holding Corporation

IFCI Limited (BSE:500106) has put on hold its partial-exit plan in Stock Holding Corporation Of India Limited. IFCI has also decided not to pursue sale of its remaining 3% direct holding in NSE till the bourse gets listed sometime next year. Malay Mukherjee, Managing Director and Chief Executive Officer, IFCI, told BusinessLine "We have put on hold our plans to sell a 26% stake in SHCIL now that NSE has announced plans for listing."

India Seeks Bids To Sell Government Stakes In Private Firms

India has invited bids from bankers for sale of its stakes in companies such as ITC Limited (NSEI:ITC), Reliance Industries Limited (NSEI:RELIANCE), ICICI Bank Ltd. (NSEI:ICICIBANK) Larsen & Toubro Limited (BSE:500510) and AXIS Bank Limited (BSE:532215), as Prime Minister Narendra Modi looks to boost revenues and shrink Asia’s widest budget deficit. Holding company The Specified Undertaking of the Unit Trust of India (SUUTI) will appoint as many as three merchant bankers to advise on transactions involving 51 companies over three years, it said on its website. The government hasn’t set a target for such sales. SUUTI has investments in these 51 listed as well as unlisted companies, like Hindustan Unilever Limited (BSE:500696), ITC, Jaiprakash Associates Limited (BSE:532532) and a host of Tata Sons Limited Group firms. Government holds minority stake in these companies through SUUTI, which was formed in 2003 as an offshoot of erstwhile UTI, and is looking at selling them either through an OFS, block deal, bulk deal or regular sale through stock exchanges. As per the Request for Proposal, SUUTI plans to appoint up to three merchant bankers/advisers and selling brokers for assisting and advising on the SUUTI Holdings for a period of three years. Of the 51 companies in which SUUTI holds stake, 8 are unlisted entities as National Securities Depository Limited, STCI Finance Limited, OTC Exchange of India, Stock Holding Corporation of India Limited, Unit Trust of India Investment Advisory Services Limited, UTI Infrastructure Technology And Services Limited, North Eastern Development Finance Corporation Ltd., NSDL e-Governance Infrastructure Limited and The Specified Undertaking of the Unit Trust of India.

Five Investor Eyes Stake In Stock Holding Corporation

Five Private Equity firms are in the race to acquire 26% stake in Stock Holding Corporation of India Limited to be sold by IFCI Limited (BSE:500106) as per reports. IFCI is keen to close the deal by the end of March and book the gains during the current quarter itself, said a source. The five firms include Carlyle Group LP (NasdaqGS:CG), NewQuest Capital Partners, The Blackstone Group L.P. (NYSE:BX), Tata Opportunities Fund and Standard Chartered Private Equity Limited.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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