CDSL Secures Historic Milestone: Surpasses 10 crore Demat Accounts, Emerges as Asia's Leading Depository
The share price of CDSL is currently trading at Rs 1,717.95, with remarkable gains of 556.71 per cent over its entire trading journey.
In a significant feat, Central Depository Services (India) Limited (CDSL), the first and only listed depository in Asia, proudly announces the surpassing of yet another milestone. The company has successfully registered over Ten crore demat accounts, highlighting its robust position in the financial market.
This achievement solidifies CDSL's pivotal role in facilitating secure and efficient electronic trading and settlement of securities. As the number of demat accounts under its purview reaches the remarkable 10 crore mark, CDSL continues to play a crucial role in shaping the landscape of the Indian financial ecosystem.
Central Depository Services (India) Limited (CDSL) is the foremost and sole listed depository in India, established with the goal of delivering convenient, reliable, and secure depository services at an affordable cost to all participants in the market. CDSL specializes in holding and facilitating transactions of securities in electronic form, streamlining the settlement of trades on stock exchanges.
For now, CDSL maintains and services more than 10 crore Demat accounts of Investors and Beneficial Owners spread across India. These Beneficial Owners are serviced by CDSL’s more than 580 Depository Participants (DPs) from over 20,000 locations.
The share price of CDSL is currently trading at Rs 1,717.95, with remarkable gains of 556.71 per cent over its entire trading journey. The stock has created a monopoly over the stock exchange as the 2nd depository of India is not listed on the stock exchange and is known as the National Securities Depository Limited (NSDL).
CDSL along with its subsidiaries also provides a host of services to financial intermediaries and markets, these include:
CDSL Ventures Limited (CVL) is CDSL's wholly-owned subsidiary and is the first and largest KYC Registration Agency (KRA) in India, managing over 4.6 crore digitized KYC records. CDSL Insurance Repository Limited (CDSLIR) is a registered company authorized by IRDAI to act as an 'Insurance Repository'. CDSL Commodity Repository Limited (CCRL) enables stakeholders like farmers and manufacturers to obtain electronic warehouse receipts (eNWRs or eNNWRs) in a Demat account by depositing commodities in WDRA-registered warehouses.
Disclaimer: The article is for informational purposes only and not investment advice.
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