CDSL to invest up to ₹20 Crore in India International Bullion Holding IFSC Limited
Central Depository Services (India) Limited (CDSL) has announced an additional investment opportunity in India International Bullion Holding IFSC Limited (IIBHL). The planned infusion is up to ₹ 20,00,00,000 through the subscription of equity shares.The targeted investment involves CDSL subscribing up to 20,00,00,000 equity shares in IIBHL. These shares were issued at a face value of ₹ 1 and a price of ₹ 1. The investment will be conducted in one or more tranches.
Partnership Details and Corporate Structure
India International Bullion Holding IFSC Limited (IIBHL) is described as a holding company focused on the bullion project, operating through its subsidiaries, India International Bullion Exchange IFSC Limited and India International Depository IFSC Limited. IIBHL focuses on providing a bullion importing platform and depository functions.The relationship between the entities highlights that CDSL and IIBHL are related parties, with CDSL providing depository services to IIBHL and its subsidiaries, as well as IT infrastructure services to India International Depository IFSC Limited (IIDIL). The transactions involving these related parties have been carried out at arm's length.
Promoter Group members, specifically the subsidiaries of BSE Limited, hold a 20% stake in IIBHL.
Financial Snapshot and Objectives
The investment is intended to support various IT infrastructure development needs and assist in maintaining Networth requirements within IIDI, as stipulated by IFSCA. The Board of IIBHL has determined that any investment in IIDI must be infused by IIBHL through the equal subscription of all its consortium members.IIBHL, incorporated on June 04, 2021, operates as a special purpose vehicle with no customer interface, serving solely as a holding company for both the Bullion Exchange and Bullion Depository functions. The entity has received registration from the International Financial Services Centres Authority (IFSCA) to act as a Finance Company.
The consolidated turnover of IIBHL over the past three fiscal years is presented below:
| Financial Year | Consolidated Turnover (in ₹) |
|---|---|
| 2023-24 | 17,55,92,270 |
| 2024-25 | 44,75,76,730 |
| 2025-26 | 10,46,53,990 |
Investment Timeline
The planned acquisition process includes a tentative timeline for the first tranche of investment up to ₹ 10 Crore, which is slated by August 02, 2026. Further acquisitions up to ₹ 10 Crore will take place subsequent to receiving intimation from IIBHL, adhering to the overseas direct investment process.CDSL Stock Price Movement
Today, shares of Central Depository Services (India) Limited gained 2.68%, settling in the post-market session at ₹1346 today. The equity traded steadily through the day, moving between a low of ₹1316 and a high of ₹1354.6 before closing higher.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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