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Central Depository Services Limited

Central Depository Services (India) Ltd. (CDSL) is an Indian central securities depository, founded in 1999.[3]

CDSL is the largest depository in India in terms of the number of demat accounts opened. In February 2022, CDSL became the first depository in India to open 60 million active demat accounts.[4] As of March 2022, the depository holds assets worth ₹37.2 trillion,[5] with over 580 depository participants associated with CDSL.[6]

History

In February 1999, CDSL received certificate of commencement of business from Securities and Exchange Board of India (SEBI).[7] On 30 June 2017, CDSL was listed on the National Stock Exchange (NSE) through initial public offering (IPO)[8] making it the first depository in Asia-Pacific region and only the second depository in the world to get listed.

CDSL was initially promoted by BSE Limited. Currently, the top shareholders are BSE Limited, Standard Chartered Bank, PPFAS Mutual Fund, HDFC Bank and LIC.[4]

See also

External links

References

  1. Holding the key to CDSL's growth Sify, 2010-08-25, retrieved 2011-02-12^
  2. CDSL reduces demat charges to Rs 5. - PTI - The Press Trust of India Ltd. 2005-12-12^
  3. CDSL demat accounts, which began its operations in 1999, cross 2.5 crore mark The Economic Times, retrieved 2022-06-08^
  4. CDSL becomes first depository to open 6 crore active demat accounts The Economic Times, retrieved 2022-06-08^
  5. Sundar Sethuraman. Demat account tally jumps 63% to 89.7 million in FY22, shows data Business Standard India, 2022-04-14, retrieved 2022-06-08^
  6. Make It Mandatory for Brokers To Subscribe to CDSL's Easiest Facility To Transfer Shares: Retail Investors Moneylife NEWS & VIEWS, retrieved 2022-06-08^
  7. SEBI www.sebi.gov.in, retrieved 2022-06-08^
  8. Bumper Listing: CDSL debuts at Rs 250; zooms 80% over issue price Moneycontrol, retrieved 2022-06-08^