CDSL has informed the Exchange regarding SEBI NOC for setting up a separate Business unit of CDSL Ventures Limited (CVL) in the GIFT-IFSC.
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CDSL has received a No Objection Certificate (NOC) from SEBI for its wholly owned subsidiary CDSL Ventures Limited (CVL) to set up a new business unit in the GIFT International Financial Services Centre (GIFT-IFSC) in Gujarat. CVL is a SEBI-registered KYC Registration Agency, and the new unit will also be registered with IFSCA as a KRA. The approval was conveyed via SEBI's letter dated August 11, 2025, and is subject to safeguards under SEBI's May 2, 2025 circular. The NOC allows CVL to expand its KYC registration services to clients operating in the international financial services zone.
This is a positive strategic development for CDSL, expanding its subsidiary CVL's reach into the international financial services hub, which could open up new revenue streams from IFSC-based clients. No immediate material financial impact, but it strengthens CDSL's positioning in cross-border financial services infrastructure.