CDSL Subsidiary CVL Registered as KYC Agency in GIFT-IFSC
CDSL's subsidiary, CVL, has been registered as a KYC Registration Agency in GIFT-IFSC by the International Financial Services Centre. This follows a "No Objection" received in August 2025, enabling CVL to conduct KYC activities within the IFSC.
The registration of a subsidiary in GIFT-IFSC is a strategic move that could lead to future business growth and expanded service offerings, thus having a medium-term impact on the company.
The registration of a subsidiary as a KYC agency in an international financial services center is a positive development, indicating business expansion and regulatory compliance.
Central Depository Services (India) Limited (CDSL) announced that its wholly-owned subsidiary, CDSL Ventures Limited (CVL), has been granted a certificate of registration by the International Financial Services Centre (IFSC). This registration allows CVL to operate as a KYC Registration Agency within the IFSC, in accordance with the International Financial Services Centres Authority Act, 2019 and related KRA Regulations, 2025.
This development follows an earlier intimation on August 13, 2025, where CVL received a "No Objection" for establishing a separate business unit in GIFT-IFSC. The registration is subject to the conditions prescribed by IFSC. The company has made this information available on its website, www.cdslindia.com.
This strategic move by CVL aims to expand its operations and services within the International Financial Services Centre.
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Central Depository Services (India) Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Central Depository Services (India) Limited. Read the original for the full detail.