Mumbai: In a move to reach out to investors, LIC of India’s Mumbai unit signed an MoU with Central Depository Services (India) Ltd (CDSL). This is to provide group insurance coverage to all eligible demat account holder aged between 18 to 59 years serviced through DPs (Depository Participants) associated with it. The group insurance scheme will provide a cover of Rs 1,00,000 for every eligible demat account subject to maximum of Rs
New Delhi: Central Depository Services (India) Ltd (CDSL) made a remarkable stock market debut today, listing at a premium of nearly 68 per cent from the issue price of Rs 149.
Central Depository Services Ltd (CDSL) is one of two depository services providers in India. CDSL is offering its shares to the public for an initial public offer (IPO) today. First time a depository in India is to come out with an IPO. The IPO will be open for 3 days. The IPO will priced in a band of Rs 145-149. Investors can subscribe the IPO in lot of sizes of 100 shares.
The new norms would ensure cost efficiency, avoidance of multiple due diligence process and prevent duplication of registration process (more…)
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