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CDSL Arm Gets SEBI's 'No Objection' To Set Up Business Unit In GIFT City

CDSL's Arm CDSL Ventures said it has received a 'no objection' from SEBI to set up a separate business unit at the International Financial Services Centre.

PTI

The proposed business unit will be registered with the International Financial Services Centres Authority as a KYC Registration Agency. (Photo: Envato)

CDSL Ventures, KYC Registration Agency and a subsidiary of the depository Central Depository Services (India) Ltd, on Thursday said it has received a 'no objection' from markets regulator Securities And Exchange Board of India to set up a separate business unit at the International Financial Services Centre, GIFT City, Gandhinagar.

The proposed business unit will be registered with the International Financial Services Centres Authority as a KYC Registration Agency.

Also Read: NSDL Versus CDSL: Q1 Results To Valuations—Key Comparison Of India's Depository Duopoly

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