Hot Pursuit     09-Jul-21
CDSL gains on crossing 4 crore active demat accounts mark
Central Depository Services (India) (CDSL) rose 2.38% to Rs 1049.60 after the depository said that it has become the first depository to open four crore plus active demat accounts.

CDSL is currently the largest depository in the country in terms of active demat accounts.

Nehal Vora, managing director & CEO, CDSL, said: “Our milestones are a result of the hard-work and coordination of all the market infrastructure institutions and the market intermediaries. I wish to thank the investors for choosing CDSL to be their depository.”

CDSL is India's leading and only listed depository, with an objective of providing convenient, dependable and secure depository services at affordable cost to all market participants.

The depository reported 82.8% jump in consolidated net profit to Rs 51.97 crore in Q4 FY21 from Rs 28.53 crore in Q4 FY20.Income from operations increased 72.1% year-on-year (YoY) to Rs 103.08 crore during the quarter.

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