Stock Holding Corporation of India Limited
 | |
| Public | |
| Industry | Stock markets & Financial services |
| Founded | 1986, Mumbai |
| Headquarters | Mumbai, Maharashtra, India |
Area served | Custodial Services, Depository Services, E-Stamping, Share Broking |
Key people | Ramesh NGS ( Current MD) |
| Services | Depository, Broking, Derivatives & E-Stamp [1] |
| Website | Official Website |
Stock Holding Corporation of India Ltd (SHCIL), India’s largest[2] custodian and depository participant based in Mumbai, Maharashtra.[3] It was established in 1986 under the Government of India as public limited company. It is owned by the India's leading Banks and Financial Institutions such as, SU-UTI, IFCI Ltd., LIC, GIC, NIA, NIC, UIC, and TOICL.[4] SHCIL is known for its online trading portal with investors and traders.
It is also responsible for e-stamping system around India.[1]
Stock Holding Corporation of India (SHCIL), the country's first and one of the largest security custodians to financial institutions, will be merged with state-owned lender IDBI Bank, subject to approvals from regulators and other SHCIL stakeholders. The decision was held on October 31, 2012 and merger will come into force effective Quarter 1 of Calendar Year 2014.
References
- ↑ 1.0 1.1 "The Hindu Business Line : Stock Holding to launch e-stamping in Maharashtra". Thehindubusinessline.in. 2008-05-02. Retrieved 2011-02-25.
- ↑ "Stock Holding Corporation launches e-stamping facility". Thaindian.com. Retrieved 2011-02-25.
- ↑ "Shcil Online - A B O U T U S :: C O N T A C T U S". Stockholding.com. 1998-01-06. Retrieved 2011-02-25.
- ↑ "Stock Holding Corporation Of ... vs Bharat Petroleum Corporation ... on 3 October, 1996". Indiankanoon.org. Retrieved 2011-02-25.