Incorporated in 1999, Central Depository Services (India) Limited (CDSL) is a subsidiary of BSE which operates as a securities depository in India. As on April 2017, it has 589 DPs, servicing across 29 states and 7 union territories. The number of service centres grew at CAGR of 21.4% from 11,877 in FY15 to 17,489 in FY17 and beneficial owner (BO) accounts grew at a CAGR of 13% from 9.6mn in FY15 to 12.3mn in FY17. The company is coming out with an IPO which is 100% offer for sale. BSE is selling its stake to meet the...