Subsidiary30 Apr 2026, 09:41 pm
NSDL subsidiary NDML to form new unit for Insurance Repository Business
AI Summary
National Securities Depository Limited's Board has granted in-principle approval for its subsidiary, NSDL Database Management Limited (NDML), to establish a new subsidiary. This new entity will be responsible for taking over NDML's existing Insurance Repository Business. The formation and business transfer are contingent upon receiving all requisite regulatory approvals, including from SEBI. This internal restructuring aims to optimize the operational framework for the insurance repository segment.
Key Highlights
- NSDL's board approved subsidiary NDML forming a new unit.
- New subsidiary will manage Insurance Repository Business.
- Action requires SEBI and other regulatory approvals.
- Restructuring aims to optimize business operations.
Price Impact
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