Central Depository Services (India) Limited has received SEBI approval dated July 08, 2026 to invest Rs 20 crore in India International Bullion Holding IFSC Limited (IIBHL) in one or more tranches.
The approval, granted under Regulation 14(1) of the SEBI (Depositories and Participants) Regulations, 2018, is subject to CDSL maintaining its net worth requirement at all times. CDSL currently holds 50 crore equity shares of Rs 1 each, equal to 20% of IIBHL's paid-up capital, and its shareholding percentage will remain at 20% after the additional investment.
IIBHL is an unlisted public limited company based at GIFT IFSC, Gandhinagar, and acts as a holding company for the bullion exchange and bullion depository. Its consolidated turnover for the year ended March 31, 2026 was Rs 10.47 crore, against Rs 44.76 crore in 2024-25 and Rs 17.56 crore in 2023-24.
The first tranche of up to Rs 10 crore is targeted for completion by August 02, 2026, with the remaining Rs 10 crore to follow after receipt of intimation from IIBHL under the overseas direct investment route. Consideration will be paid in cash through banking channels via the ODI route at a price of Rs 1 per equity share.
IIBHL and its two wholly owned subsidiaries, India International Bullion Exchange IFSC Limited and India International Depository IFSC Limited, are related parties of CDSL, which provides depository and IT infrastructure services to them at arm's length. The promoter group, India International Clearing Corporation (IFSC) Limited and India International Exchange (IFSC) Limited, holds a 20% stake in IIBHL.
The investment supports IT infrastructure development and maintains net worth at India International Depository IFSC Limited as stipulated by IFSCA. CDSL is part of a consortium with NSE, NSDL, MCX, India INX and India ICC that set up IIBHL to operate the bullion exchange, clearing corporation and depository at GIFT City.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.