Free Press Journal
  • lic, cdsl, mumbai, lic of india, Mumbai, Central Depository Services (India) Ltd, MoU, DPs

    LIC to insure eligible demat account holders with CDSL

    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

  • CDSL IPO opens today: 10 things to know

    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.