NSEGeneral Updates9 Jul 2026 · 9 Jul 2026, 02:11 pm
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Central Depository Services (India) Limited · CDSL
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Central Depository Services (India) Limited has informed the Exchange about SEBI Approval for investment in India International Bullion Holding IFSC Limited. CDSL will invest ₹ 20,00,00,000 in IIBHL in one or more tranches, subject to maintaining its net worth requirement.
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Full Announcement
CDSL has informed the Exchange about SEBI Approval for investment in India International Bullion Holding IFSC Limited.
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Central Depository Services (India) Limited
CDSL/CS/NSE/AJ/2026/100 July 09, 2026
The Manager,
Listing Compliance Department,
National Stock Exchange of India Ltd.,
Exchange Plaza, Bandra Kurla Complex,
Bandra (East), Mumbai – 400051
Symbol: CDSL
ISIN: INE736A01011
Sub: Additional investment in ‘India International Bullion Holding IFSC Limited’
(IIBHL).
Re: Disclosure under Regulation 30 of Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI
Listing Regulations).
Dear Sir/ Madam,
Pursuant to Regulation 30 of SEBI Listing Regulations read with Para A of Part A of
Schedule III and other applicable provisions of the SEBI Listing Regulations, we wish to
inform you that SEBI vide its letter no. HO/47/28/13(3)2026-MRD-RAC2-I/15671/2026
dated July 08, 2026 has approved to make an investment of ₹ 20,00,00,000 (Rupees
Twenty Crores Only) in IIBHL in one or more tranches subject to the condition that Central
Depository Services (India) Limited shall maintain its net worth requirement at all the times
in terms of Regulation 14(1) of SEBI (Depositories and Participants) Regulations, 2018.
The details pertaining to the above are mentioned in Annexure A in compliance with the
SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and
and other relevant circulars.
The above information is also available on the Company's website www.cdslindia.com in
terms of Regulation 46 of SEBI Listing Regulations.
This is for your information and records.
Yours faithfully,
For Central Depository Services (India) Limited
Nilay Shah
Company Secretary & Compliance Officer
ACS No. : A20586
Encl: As above
Regd. Office : Marathon Futurex, A Wing, 25th Floor,
Mafatlal Mills Compound, N M Joshi Marg, Lower Parel (E), Mumbai - 400 013.
Phone: 91-22-2302 3333 • Fax: 91-22-2300 2036 • CIN: L67120MH1997PLC112443
Website: www.cdslindia.com
Central Depository Services (India) Limited
Annexure-A
Disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosures
Requirements) Regulations, 2015, SEBI Circular SEBI/HO/CFD/CFD-
PoD1/P/CIR/2023/123 dated July 13, 2023 and and other relevant circulars:
a. Name of the target entity, details in Name of Target Company: India
brief such as size, turnover etc. International Bullion Holding IFSC
Limited (IIBHL).
India International Bullion Holding
IFSC Limited is a holding company for
Bullion Project. IIBHL is funding to
both of its subsidiaries namely India
International Bullion Exchange IFSC
Limited and India International
Depository IFSC Limited which is
engaged in providing bullion
importing platform and depository
functions respectively.
Consolidated Turnover for the year
ended March 31, 2026, was ₹
10,46,53,990/-.
b. Whether the acquisition would fall India International Bullion Holding
within related party transaction(s) IFSC Limited and its two wholly
and whether the promoter/ owned subsidiaries (India
promoter group/ group companies International Depository IFSC Limited
have any interest in the entity being (IIDIL) and India International Bullion
acquired? If yes, nature of interest Exchange IFSC Limited (IIBX)) are
and details thereof and whether the related parties of CDSL and CDSL
same is done at "arm's length" provides depository services to IIBHL,
IIDIL and IIBX and IT infrastructure
services to IIDIL. All the related party
transactions are at arm’s length price.
India International Clearing
Corporation (IFSC) Limited and India
International Exchange (IFSC) Limited
(Subsidiaries of BSE Limited) i.e.
Promoter Group holds 20% stake in
IIBHL.
Regd. Office : Marathon Futurex, A Wing, 25th Floor,
Mafatlal Mills Compound, N M Joshi Marg, Lower Parel (E), Mumbai - 400 013.
Phone: 91-22-2302 3333 • Fax: 91-22-2300 2036 • CIN: L67120MH1997PLC112443
Website: www.cdslindia.com
Central Depository Services (India) Limited
c. Industry to which the entity being It is classified as an unlisted public
acquired belongs limited company and is located in
GIFT IFSC Gandhinagar, Gujarat and
received registration as Finance
Company from International Financial
Services Centres Authority (IFSCA) on
August 09, 2021.
India's bullion market is one of the
largest in the world, the second largest
in terms of consumption and holds an
important position globally, but it
lacks organization and structure. A
bullion spot exchange is expected to
address these challenges and
eliminate market inefficiencies. As a
prominent market, India has always
aspired to be a price setter for the
bullion.
The Consortium consisting of Central
Depository Services (India) Limited
(CDSL), India INX International
Exchange (IFSC) Limited (INDIA INX),
India International Clearing
Corporation IFSC Limited (INDIA ICC),
Multi Commodity Exchange of India
Limited (MCX), National Securities
Depository Limited (NSDL) & National
Stock Exchange of India Limited
(NSE) had setup the holding company
namely India International Bullion
Holding IFSC Limited (IIBHL) for
operationalizing India International
Bullion Exchange, Bullion Clearing
Corporation and Depository in IFSC,
GIFT City.
IIBHL has set up the Bullion Exchange
and depository through its
subsidiaries, India International
Bullion Exchange IFSC Limited (IIBX),
and India International Depository
Regd. Office : Marathon Futurex, A Wing, 25th Floor,
Mafatlal Mills Compound, N M Joshi Marg, Lower Parel (E), Mumbai - 400 013.
Phone: 91-22-2302 3333 • Fax: 91-22-2300 2036 • CIN: L67120MH1997PLC112443
Website: www.cdslindia.com
Central Depository Services (India) Limited
IFSC Limited encompassing the
Bullion Exchange, Bullion Clearing
Corporation and Depository functions
at GIFT IFSC.
d. Objects and Impact of acquisition In order to support various IT
(including but not limited to, infrastructure development and to
disclosure of reasons for acquisition maintain the Networth in IIDI as
of target entity, if its business is stipulated by IFSCA. The Board of
outside the main line of business of IIBHL has decided that any investment
the listed entity) in IIDI shall be infused by IIBHL which
include equal subscription of all its
consortium members of IIBHL.
e. Brief details of any governmental or Pursuant to Regulation 7 (c) of SEBI
regulatory approvals required for (Depositories and Participants)
the acquisition Regulations, 2018, approval of
Securities and Exchange Board of
India (SEBI) was sought.
SEBI vide its letter dated July 08, 2026
accorded its approval for said
investment.
f. Indicative time period for The tentative timeline of completion
completion of the acquisition of acquisition process of first tranche
of investment upto ₹ 10 Crore in IIBHL
latest by August 02, 2026. Further
acquisition process upto ₹ 10 Crore
shall be done post receipt of
intimation from IIBHL in adherence to
overseas direct investment process.
g. Consideration - whether cash Amount to be paid through banking
consideration or share swap or any channels transfer through overseas
other form and details of the same direct investment (ODI) Route. (Cash
consideration)
h. Cost of acquisition and/or the price As of date, Company holds 50 crore
at which the shares are acquired Equity Shares of ₹ 1/- each equivalent
to 20% of the paid-up capital of IIBHL.
i. Percentage of shareholding /
control acquired and / or number of The additional Investment of upto ₹
shares acquired 20,00,00,000/- (Rupees Twenty
crores only) by way of subscription of
20,00,00,000 equity shares at a face
value of ₹ 1/- (Rupee One Only) at a
price of ₹ 1/- (Rupee One only) in one
Regd. Office : Marathon Futurex, A Wing, 25th Floor,
Mafatlal Mills Compound, N M Joshi Marg, Lower Parel (E), Mumbai - 400 013.
Phone: 91-22-2302 3333 • Fax: 91-22-2300 2036 • CIN: L67120MH1997PLC112443
Website: www.cdslindia.com
Central Depository Services (India) Limited
or more tranches. The percentage of
holding would remain same i.e. 20%.
j. Brief background about the entity Date of Incorporation: June 04, 2021
acquired in terms of products/li
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