Central Depository Services (India) (CDSL) has received in-principle approval for the divestment of shares held by CDSL in CDSL IFSC to India International Bullion Holding IFSC (IIBH) owned by the consortium of CDSL, India International Exchange (IFSC), National Stock Exchange of India, Multi Commodity Exchange of India and National Securities Depository, subject to regulatory approvals as may be required.
With intent to operate a single depository in GIFT IFSC, CDSL in its meeting held today, October 11, 2021, accorded its in-principle approval for the divestment of shares.
CDSL was set up with the objective of providing convenient, dependable and secure depository services at affordable cost to all market participants.
