As on March 31, 2023, BSE, the promoter, held 20.9 million shares or 20 per cent stake in CDSL, data showed.
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CDSL is one of the two depositories in India and the only listed one in the country, the other being National Securities Depository Limited (NSDL). It facilitates holding and transacting in securities in electronic form and facilitates settlement of trades on stock exchanges. On the other hand, BSE is the oldest and India’s first equity index launched in the country.
Growth of the business of depositories is directly proportional to the growth of capital markets. The past few years have witnessed increase in activities by retail investors in the capital market.
Within financial assets, the allocation towards equities has been increasing steadily due to the relatively low base, given that the retail investors have traditionally been under-invested in equities.
First Published: Jun 14 2023 | 10:16 AM IST