CDSL

Adds quote in paragraph 4, updates subscription level in paragraph 8

By Vivek Kumar M, Chandini Monnappa and Hritam Mukherjee

July 30 (Reuters) - National Securities Depository Ltd's NATS.NS $458 million IPO was fully subscribed within hours of its Wednesday launch as investors rushed to back its leading position in India's rapidly growing securities market.

The country's largest depository is drawing strong investor interest amid a retail investing boom, with demat accounts growing at a 21.9% compound annual rate since fiscal 2014 to 192.4 million by March 2025, according to its offer document.

NSDL holds around 86% of India's securities depository market, where it operates as one of two licensed players. Shares of smaller rival Central Depository Services CENA.NS have surged nearly twelve-fold since their 2017 debut.

"NSDL's valuation is decent compared to CDSL at ~60x. This differential could lead to some investors exiting CDSL and buying NSDL post the latter's listing," said Ambareesh Baliga, an independent market analyst.

NSDL's IPO is an offer for sale, with IDBI Bank IDBI.NS and the National Stock Exchange paring stakes to meet the 15% regulatory ownership cap for market infrastructure institutions such as depositories.

The offering, among India's largest this year, raised $137.35 million in its anchor round on Tuesday from marquee investors including Life Insurance Corporation of India LIFI.NS and U.S.-based Capital International.

Shares were allotted at the upper end of the price band of 760 rupees to 800 rupees. The issue will close on August 1.

The portions reserved for retail and non-institutional investors were fully subscribed, while qualified institutional buyers bid for 79% of the shares allotted.

Three analysts said NSDL's issue was fairly priced at 47x of fiscal year 2025 earnings.

"Given its strong market position, high entry barriers, and long-term growth tailwinds from India's digital and capital market expansion, we assign a 'subscribe' rating for long-term investors," Angel One said in a note.

($1 = 87.3470 Indian rupees)

(Reporting by Chandini Monnappa, Hritam Mukherjee and Vivek Kumar M in Bengaluru; Editing by Nivedita Bhattacharjee and Mrigank Dhaniwala)

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July 29 (Reuters) - Central Depository Services (India) Ltd CENA.NS:

• APPOINTS GURUMOORTHY MAHALINGAM AS CHAIRPERSON ON GOVERNING BOARD

Source text: ID:nNSE506k90

Further company coverage: CENA.NS

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** Central Depository Services (India) CENA.NS falls 4.7% to 1539.9 rupees, lowest since June 2

** Market depository's Q1 net PAT falls 23.7% Y/Y, hurt by a drop in its data entry revenue; rev growth flat

** More than 4.9 mln shares traded, about 1.5x the 30-day avg

** Stock down 12.5% YTD

(Reporting by Aleef Jahan in Bengaluru)

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** India's exchange operator BSE BSEL.NS climbs 4.1%; Central Depository Services (India) CENA.NS up 1.8%

** Stock brokers Nuvama Wealth Management NUVA.NS and Angel One ANGO.NS gain 1.8% and 0.8%, respectively

** India's markets regulator said Jane Street has deposited 48.44 billion rupees into an escrow account, and requested lifting its trading restrictions

** It was not immediately clear when Jane Street might resume trading

** On July 3, regulator, SEBI, barred Jane Street from the domestic market for manipulating stock indices via derivatives

** Derivatives account for more than half of BSE's revenue, 77% of Angel One's broking revenue; Nuvama is Jane Street's India trading partner

** YTD, BSE, NUVA up 39%, ~8%, ANGO and CENA down ~8% and 2%

(Reporting by Manvi Pant in Bengaluru)

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** India's BSE BSEL.NS and Angel One ANGO.NS down 6.5% each, Central Depository Services (India) CENA.NS sheds 2.4%

** Stocks extend losses after CNBC-TV18 reports SEBI may link options leverage to cash positions

** Stocks fell up to 4% ahead of news on concerns over regulatory measures on derivatives segment after Jane Street ban

** Derivatives account for more than half of BSE's revenue, 77% of Angel One's broking revenue

** Net losses of India's retail individual traders in equity derivatives segment widened by 41% to 1.06 trillion indian rupees ($12.37 billion) in FY25, SEBI said in a study on Monday

** "The underlying trend is worrisome because majority of retail traders continue to lose money. Either higher surveillance or some new measures can't be ruled out," says Pankaj Pandey, head of retail research at ICICI Securities

** YTD, BSEL up 40%, while ANGO down 10%

($1 = 85.7200 Indian rupees)

(Reporting by Vivek Kumar M)

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April 8 (Reuters) - Central Depository Services (India) Ltd CENA.NS:

• CENTRAL DEPOSITORY SERVICES (INDIA) - SEBI ADVISES CO TO DEPOSIT 30 MILLION RUPEES FOR PAST TECHNICAL GLITCHES

Source text: ID:nNSE4mKr2V

Further company coverage: CENA.NS

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March 28 (Reuters) - Central Depository Services (India) Ltd CENA.NS:

• CENTRAL DEPOSITORY SERVICES (INDIA) LTD - CVL ENTERS MOU WITH L&T REALTY PROPERTIES

• CENTRAL DEPOSITORY SERVICES (INDIA) - CVL TO PURCHASE PREMISES AT L&T SEAWOODS GRAND CENTRAL

Source text: ID:nNSEcgPldV

Further company coverage: CENA.NS

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March 26 (Reuters) - Central Depository Services (India) Ltd CENA.NS:

• CENTRAL DEPOSITORY SERVICES (INDIA) - SEBI ISSUES WARNING TO CDSL

Source text: ID:nNSE98rWrv

Further company coverage: CENA.NS

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** Shares of Central Depository Services (India) CENA.NS up 3.1% to 1207.4 rupees

** Co's unit Centrico Insurance Repository signs agreement with Life Insurance Corporation of India (LIC) LIFI.NS to provide insurance repository services

** Stock up 12.8% this week, set for highest weekly gain in 15

** Avg rating of ten analysts is a "hold" and median PT is 1,422.5 rupees, 21.5% above last close - LSEG data

** CENA trims YTD decline to 31%

($1 = 86.2120 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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Central Depository Services (India) Ltd CENA.NS:

• CENTRAL DEPOSITORY SERVICES- UNIT TIES UP WITH LIFE INSURANCE CORP FOR INSURANCE REPOSITORY SERVICES

Source text: [ID:]

Further company coverage: CENA.NS

Sept 26 (Reuters) - Central Depository Services (India) Ltd CENA.NS:

• CENTRAL DEPOSITORY SERVICES (INDIA) - ANNOUNCE UNIFORM TARIFF OF 3.50 RUPEES PER DEBIT TRANSACTION

• CDSL - DISCOUNT OF 0.25 RUPEES/DEBIT TRANSACTION IN MUTUAL FUND AND BOND ISINS

• CDSL- DISCOUNT OF 0.25 RUPEES PER DEBIT TRANSACTIONS BY FEMALE DEMAT ACCOUNT HOLDERS TO CONTINUE

Further company coverage: CENA.NS

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** Shares of Central Depository Services (CDSL) CENA.NS rise 5.1% to 1,447 rupees

** Around 129,752 shares change hands in block deals in the range of 1,429.50-1,449.05 rupees - 3.5%-4.9% premium to last close - LSEG

** Overall 8 mln shares traded, 1.9x the 30-day avg

** Avg rating of analysts is "hold"; their median PT 1,120 rupees

** CENA gains 59% YTD

(Reporting by Yagnoseni Das in Bengaluru)

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Aug 29 (Reuters) - Central Depository Services (India) Ltd CENA.NS:

• SEBI APPROVED APPOINTMENT OF NEHAL VORA AS MD, CEO

Source text for Eikon: [ID:]

Further company coverage: CENA.NS

(Reporting by VijayDattaram Malkar)

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** India's Central Depository Services Ltd (CDSL) CENA.NS surges ~6% to a record high of 2,955 rupees

** The company approves issuance of bonus share in 1:1 ratio

** Nearly 4 mln shares traded, 2.2x the 30-day avg

** Stock trading ~20% above analysts' median PT of 2,236 rupees, per LSEG data

** Stock last up ~3%, taking YTD gains to ~58%

(Reporting by Manvi Pant in Bengaluru)

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Aug 9 (Reuters) - Central Depository Services (India) Ltd CENA.NS:

• SEBI APPROVED ADDITIONAL INVESTMENT UPTO 200 MILLION RUPEES IN IIBHL

Source text for Eikon: ID:nNSE72WHPK

Further company coverage: CENA.NS

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** Shares of Central Depository Services (India) CENA.NS surge 20% to a record high of 2,407.40 rupees

** CENA set for its best day ever

** Depository services provider said it will consider issuance of bonus shares on July 2

** More than 20.7 mln shares traded, 26x their 30-day avg

** Stock up 30% YTD; it rose 63.5% in 2023

(Reporting by Nishit Navin)

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** Shares of Multi Commodity Exchange of India Ltd MCEI.NS down 5.2% at 210.50 rupees

** MCEI's Q4 consolidated net profit jumps 16x, while income from ops up 35%, but miss analysts' estimates

** Exchange operator trims losses after falling as much as 7.7% in first hour of trading

** Around 2.8 mln shares traded, 3.6x 30-day avg volume

** Analysts tracking MCEI rate it "buy" on avg, same as BSE Ltd BSEL.NS and better than "hold" for Central Depository Services (India) Ltd CENA.NS

** Stock has risen 19% this year, outperforming CENA's 14% rise but trailing BSEL's 40% jump

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Central Depository Services (India) CENA.NS fall as much as 6.4% to 1,675 rupees

** Stock eyes heaviest trading volumes since July 17, 2017; over 16 mln shares change hands

** Reports said Standard Chartered Bank is set to sell its entire 7.18% stake in co

** Mint, citing a term sheet it reviewed, says bank to offload 7.5 million shares via a block deal

** Average analyst rating on stock is "hold"; median PT is 1,936 rupees - LSEG data

** CENA last down 5%, extending YTD losses to 6.7%

(Reporting by Anisha Ajith in Bengaluru)

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Feb 12 (Reuters) - Central Depository Services (India) Ltd CENA.NS:

• APPROVED FURTHER INVESTMENT BY INVESTING UPTO 100 MILLION RUPEES IN ONDC IN ONE OR MORE TRANCHES

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Further company coverage: CENA.NS

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** Central Depository Services Limited CENA.NS shares up 4%, snapping six straight sessions of losses

** Depository services provider said demat accounts registered with it crossed 100 million milestone

** Stock has been above 50-, 100-, and 200- day moving averages, rising 38%, since Oct 27

** Average of 9 analysts' estimates covering the only listed depository is a "Buy" - LSEG data

** Including session's gain, stock up 60% YTD, against a 26% drop in 2022

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of Central Depository Services CENA.NS rise as much as 6.3% to 1,224 rupees, biggest pct gain since Sept. 7, 2022

** Ambit Capital research initiates coverage with "buy" on stock, TP at 1,400 rupees

** Analysts expect co to benefit from higher retail participation, CAGR to double by FY30

** More than 2 mln shares change hands by 12:40 p.m. IST vs 4.2x 30-day avg of 473,662 shares

** Analysts covering the stock have a "buy" rating on average; median PT is 1,212 rupees - Refinitiv data

** Stock up 3.3% so far this year up to last close

(Reporting by Ashna Teresa Britto in Bengaluru)

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Aug 3 (Reuters) - Central Depository Services (India) Ltd CENA.NS:

• CENTRAL DEPOSITORY SERVICES (INDIA) LTD - A WARNING LETTER DATED JULY 31 HAS BEEN ISSUED BY SEBI AGAINST CO/ CDSL

• CENTRAL DEPOSITORY SERVICES (INDIA) LTD - WARNING HAS BEEN ISSUED POST SEBI'S ONSITE INSPECTION CONDUCTED DURING JUNE 01 2021 TO JUNE 30 2022

• CENTRAL DEPOSITORY SERVICES (INDIA) LTD - ASKED TO BE CAREFUL FOR INTERNAL CONTROL SYSTEMS TO IMPROVE PROCESSES FOR APPROVAL OF INTERNAL OPERATIONS

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Further company coverage: CENA.NS

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July 26 (Reuters) - Central Depository Services (India) Ltd CENA.NS:

• BECOMES FIRST DEPOSITORY TO REGISTER 90 MILLION ACTIVE DEMAT ACCOUNTS

Further company coverage: CENA.NS

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** Shares of Central Depository Services CENA.NS fall as much as 5.99% to 985 rupees

** Slide after 5.95 mln shares of co, representing 5.69% stake, change hands in 11 blocks at between 990 rupees and 1,004 rupees per share - Refinitiv data

** A CNBC-TV18 report says that Bombay Stock Exchange (BSE) is the likely seller in the block deals, citing sources

** Reuters is awaiting a response to its emailed queries on the block deal from CENA and BSE

** Stock is most active since September 2020, with a trading volume of 19 times the 30-day avg - Refinitiv data

** Avg rating of seven analysts at equivalent of 'buy' with median PT of 1,080.00 rupees

(Reporting by Bharath Rajeswaran in Bengaluru)

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