• Central Depository Services (India) Ltd (CDSL), is the first listed Indian central securities depository based in Mumbai.
  • Central Depository Services (India) Limited (CDSL) was initially promoted by the BSE Ltd. which thereafter divested its stake to leading banks. CDSL received the certificate of commencement of business from the Securities and Exchange Board of India (SEBI) in February 1999.

About Central Depository Services

  • Shri B.V. Chaubal appointed as chairperson of Central Depository Services  (India) Limited (CDSL) | Global Prime NewsThe main function of CDSL is to facilitate holding of dematerialised securities enables securities transactions to be processed by book entry.
  • CDSL facilitates holding and transacting in securities in the electronic form and facilitates settlement of trades on stock exchanges.
  • These securities include equities, debentures, bonds, Exchange traded Funds (ETFs), units of mutual funds, units of Alternate Investment Funds (AIFs), Certificates of deposit (CDs), commercial papers (CPs), Government Securities (GSecs) and Treasury Bills (TBills).
  • CDSL was listed on June 30, 2017 on the National Stock Exchange (NSE) through Initial Public Offer (IPO) and thereafter became the first and the only depository to get listed in Asia-Pacific region and second in the World.
  • CDSL is promoted by Bombay Stock Exchange Ltd (BSE Ltd) – the Asia’s latest Stock Exchange. Other shareholders include HDFC Bank Ltd, Standard Chartered Bank and Canara Bank.

Source: Wikipedia

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