Central Depository Services (India) (CDSL) saw a 2.40% increase, reaching Rs 1,414.65, following the board’s approval of Nehal Vora’s appointment as managing director (MD) and chief executive officer (CEO) for a five-year term starting September 18, 2024.
Nehal Vora brings over 25 years of extensive experience in the Indian capital markets, having held significant positions at notable organizations such as BSE, DSP Merrill Lynch, and SEBI before joining CDSL in September 2019.
CDSL, India’s premier and only listed depository aims to provide convenient, reliable, and secure depository services at an affordable cost to all market participants. The organization oversees and maintains over 11.56 crore demat accounts for investors or beneficial owners (BOs) across India.
The company reported an 82.4% increase in consolidated net profit, reaching Rs 134.20 crore, driven by a 72% rise in net sales, which totaled Rs 257.39 crore for Q1 FY25 compared to Q1 FY24. On Friday, September 13, 2024, the stock gained 0.25%, closing at Rs 1,381.75.
