Central Depository Services (India) Ltd. (CDSL) is an Indian
central securities depository
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities such as shares or bonds, either in certificated or uncertificated ( dematerialized) form, allowing ownership to be easily tra ...
, founded in 1999.
CDSL is the largest depository in India in terms of number of
demat accounts opened. In February 2022, CDSL became the first depository in India to open 60 million active demat accounts.
As of March 2022, the depository holds assets worth 37.2 trillion, with over 580
depository participant
In India, a Depository Participant (DP) is described as an Agent of the depository. They are the intermediaries between the depository and the investors. The relationship between the DPs and the depository is governed by an agreement made between ...
s associated with CDSL.
History
In February 1999, CDSL received certificate of commencement of business from
Securities and Exchange Board of India
The Securities and Exchange Board of India (SEBI) is the Regulatory agency, regulatory body for securities and commodity market in India under the administrative domain of Ministry of Finance (India), Ministry of Finance within the Government ...
(SEBI). On 30 June 2017, CDSL was listed on the National Stock Exchange (NSE) through
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
(IPO)
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.
See also
*
National Securities Depository Limited (NSDL)
*
National Stock Exchange
*
Clearstream
Clearstream or the Clearstream Group is the central securities depository arm of the Deutsche Börse Group. It provides settlement and custody as well as other related services for securities across all asset classes. Its subsidiary in Luxembour ...
*
Euroclear
Euroclear, or the Euroclear Group, is a Belgium-based financial market infrastructure group that specialises in the central securities depository (CSD) segment. It traces its origins to the Euro-clear System developed in 1968 by Morgan Guaranty (a ...
References
External links
Official website
Central securities depositories of India
Financial services companies based in Mumbai
Financial services companies established in 1999
1999 establishments in Maharashtra
Indian companies established in 1999
Companies listed on the National Stock Exchange of India
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