Central Depository Services (India) Ltd (CDSL) announced that its wholly owned subsidiary, CDSL Ventures Ltd (CVL), has received a No Objection from the Securities and Exchange Board of India (SEBI) to set up a new business unit at the Gujarat International Finance Tec-City International Financial Services Centre (GIFT-IFSC).
The clearance, granted through SEBI’s letter dated August 11, 2025, and received by CVL on August 13, 2025, allows the company to expand operations into one of India’s fastest-growing international finance hubs.
The establishment of a business unit in GIFT-IFSC marks CDSL’s entry into a globally competitive financial zone that offers strategic benefits like ease of cross-border transactions, regulatory flexibility, and proximity to international investors.
By setting up a KRA within IFSC, CDSL can directly service the growing base of global and domestic entities engaging in capital market activities from the zone.
Read More: NSDL vs CDSL: Post-Listing Showdown as NSDL Soars 33% in 2 Days.
With SEBI’s go ahead, CDSL Ventures Ltd is poised to strengthen its footprint in the financial services sector by extending KYC services to the GIFT-IFSC ecosystem. This expansion reflects CDSL’s strategy to align with India’s vision of developing GIFT City as a global financial hub.
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Published on: Aug 14, 2025, 2:34 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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