CDSL becomes first depository to open 6 crore active Demat accounts; stock adds ~3%

2 Mar 2022 , 01:46 PM

Central Depository Services (India) Limited (CDSL), the first and only listed depository in India announced that the company depositor has reached a noteworthy milestone of opening Six crore plus Demat accounts so far.

The company organized a celebratory event to commemorate the achievement of 6 crore Demat accounts. The celebration event was graced by Chief Guest Shri Ananta Barua, Whole Time Member, SEBI, and other senior dignitaries from SEBI, the top officials of the Market Infrastructure Institutions

CDSL is India’s only leading listed depository, that strives to provide convenient, dependable, and secure depository services at an affordable cost to all market participants. CDSL received its business commencement certificate from SEBI in February 1999 and it facilitates holding and transacting in securities in the electronic form and facilitates settlement of trades on stock exchanges.

As of now, CDSL services and maintains 6 crore+ Demat accounts of Investors or Beneficial Owners (BOs) all over India. These BOs are serviced by CDSL’s huge team of 590+ Depository Participants (DPs) from over 21,400+ locations.

CDSL is currently trading at Rs1,389.35 up by Rs35.95 or 2.66% from its previous closing of Rs1,353.40 on the BSE.