Company Overview of Stock Holding Corporation of India Limited
Stock Holding Corporation of India Limited provides custodial, post trading, and depository services in India. The company operates through Physical Custody Services, Digitisation Of Documents, and Software Services segments. It offers securities services, such as custodial, clearing and settlement, electronic and physical safekeeping, futures and options clearing, asset servicing, and premium offerings; and various depository participant services. The company also provides e-stamping and share broking; and derivative clearing services comprising clearing, settlement, and collateral and risk management services. In addition, it offers various financial products ranging from fixed income inve...
Unit No 301, Centre Point
Dr . B Ambedkar Road
Founded in 1986
Key Executives for Stock Holding Corporation of India Limited
Executive Vice President of Finance
Managing Director of Shcil Project Limited
Managing Director of Director of Shcil Services Ltd
Compensation as of Fiscal Year 2014.
Stock Holding Corporation of India Limited Key Developments
Stock Holding Corporation of India Limited Announces Executive Changes
Jul 28 14
Ashok Motwani, Managing Director and CEO of Stockholding Corporation of India (SCHIL) who was on deputation from IDBI Bank has reverted back to IDBI on completion of his three-year tenure. Mr. Ramesh, till recently GM – Vigilance at IDBI Bank joins SCHIL on July 28, 2014 as MD & CEO. He has taken voluntary retirement from IDBI Bank.
LIC, GIC And SUUTI Seek Government Nod To Sell Stake In SHCIL
Jun 18 13
Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC) and The Specified Undertaking of the Unit Trust of India (SUUTI) are seeking government nod to sell 45% stake in Stock Holding Corporation of India Limited (SHCIL). GIC and the administrator of SUUTI have sought the government's approval to sell their stake in SHCIL to three private equity funds, including The Blackstone Group L.P. (NYSE:BX), two sources in the know said. The three companies collectively hold 45% in Stock Holding The deal is expected to fetch LIC, GIC, and SUUTI over INR 10 billion, one of the sources indicated. "Discussions are on with three private equity players. They are interested in having significant holding in the firm. The valuations they are offering is quite attractive so we have sought government's permission," an official with one of the insurance companies said, requesting anonymity.
IDBI Seeks Government Approval To Sell Minority Stake In SHCIL To IFCI
May 20 13
IDBI Bank Limited (BSE:500116) has approached the government to seek permission to sell its stake in Stock Holding Corporation of India Limited (SHCIL) to IFCI Limited (BSE:500106). The move comes in the wake of the finance ministry is reluctance to allow SHCIL to merge with IDBI. Sources reports that IDBI could make a profit of around INR 4 billion from the sale if its 18% stake in SHCIL to IFCI. However, it is learnt that IFCI is against the merger proposal.
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