CDSL Share Price

The Central Depository Services Limited (CDSL) is a centrally owned depository that allows the buying and selling of stocks digitally by acting as a place to store them virtually. Apart from CDSL, NSDL is another depository that works similarly for investors and depository participants. 

CDSL is the largest Indian depository, with 8,81,71,228 crore active demat accounts. It is a Market Infrastructure Institution (MII) providing services to Market participants - Exchanges, Clearing Corporations, Depository Participants (DPs), Issuers and Investors.

CDSL manages three types of securities available for demat. These are equity, debt instruments (debentures, bonds, Government securities, certificates of deposits, commercial paper, pass-through certificates and others) and mutual fund units. It has 588 partners as depository participants and 212 branches with LIVE connectivity. The value of securities in demat custody under CDSL is worth Rs 4,52,90,678 crore. Furthermore, the DPs under CDSL operate from over 17,000 sites. The system of CDSL is based on the central database architecture and enables DPs to provide in-line depository services to the investors. 

In the depository segment, CDSL has a 73% market share and an 85% incremental share. CDSL’s market cap stands at Rs 12,665.40 crore, and the top shareholders of CDSL are Standard Chartered Bank, BSE Limited, HDFC Bank, PPFAS Mutual Fund and LIC. 
 

CDSL – History 

CDSL was incorporated on December 12, 1997, as ‘Central Depository Services (India) Limited’ under the Indian Companies Act, 1956. It started its operations on December 19, 1997, after obtaining the certificate of commencement of business from the Ministry of Corporate Affairs. The Union Finance Minister of India then, Mr Yashwant Sinha, signed the official documents to flag off the company's operations. CDSL is currently headquartered in Mumbai, Maharashtra. 

In 1999, CDSL completed its first settlement of trades in demat format through the clearing house of BSE named BDI Shareholding Limited. It was in 2002 that CDSL launched its flagship internet facility, ‘easi’ (electronic access to securities information). The facility allowed online securities transfer between depositories in real-time. In 2004, the company launched ‘easiest’ (electronic access to securities information & execution of secured transactions) as an updated version of ‘easi’. 

On June 19, 2017, CDSL became the first Indian depository to come out with an Initial Public Offering to offer CDSL shares to the general public. It had a fixed price band of Rs 145-149 and raised more than Rs 500 crore. The CDSL share price debuted 68% higher on the National Stock Exchange. The CDSL share price history saw it list at Rs 250 against the issue price of Rs 149. CSL is still the only listed depository, as NSDL is a public company limited by shares. 

CDSL – Awards 

CDSL share price today reflects the successful business model and good financials. Hence, it has been granted numerous awards over its lifetime. Here are the awards CDSL has received till now: 

● DC Insights Award” by International Data Corporation
● EMC Transformers Award” by Dell EMC
● IDC Insights Award” by International Data Corporation
● IDG’s CIO100 Award” by International Data Group
● IDG’s Security Supremo Special Award” by International Data Group
● FinTec India Award” awarded at FinTec Conference and Awards
● InfoSec Maestros Award” by BitStream Mediaworks Private Limited
● Express Security Strategist Award” by the Indian Express Group
● Innovative CIO Awards” by BitStream Mediaworks Private Limited
● IDG’s Intelligent Enterprise Champions Award” by International Data Group

CDSL – Important Facts 

Here are some essential facts about CDSL stock price and the company: 

● CDSL is the first depository in the Asia-Pacific region and the second depository worldwide to get listed through an IPO on stock exchanges. 

● Until now, CDSL stock price history has resulted in providing over 350% returns based on the CDSL stock price today. 

● CDSL has launched Transaction Using SMS Texting (“TRUST”) as a part of its mobile-based utility named ‘Transaction Using Secured Texting’. 

CDSL, or the Central Depository Services Limited, is a leading securities depository in India. CDSL is responsible for holding and trading securities such as stocks, bonds, and mutual funds in an electronic or dematerialised form. It is the only depository with its shares listed on the stock exchanges, which have given hefty returns to investors over time. 

CDSL offers a range of services to investors and market participants. Some of the services provided by CDSL include the dematerialisation of securities, account maintenance, transfer and pledge of securities, corporate actions like dividends and bonus issues, and electronic settlement of trades.