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MCX signs MoU with NSE, India INX, NSDL and CDSL to set up new entity at GIFT City

ABB Power Products and Systems India Limited board recommends dividend of Rs. 2

Shares of IIFL Securities, on Thursday, shot up 17 per cent to hit a record high of Rs 65.60 on the BSE in intra-day, thereby surging 40 per cent in the past two trading days, after the company emerged as the successful bidder for demat accounts held by Karvy with National Securities Depository (NSDL) and Central Depository Services (India) (CDSL). On February 6, depositories NSDL and CDSL had said that trading as well as demat accounts held by Karvy Stock Broking (Karvy) will be transferred to another member or participant through a formal bidding process on the basis of laid down eligibilit...

IIFL Securities jumped 10.2% to Rs 61.9 after the company emerged as the successful bidder for demat accounts held by Karvy Stock Broking with NSDL and CDSL.IIFL Securities will get access to 11,06,108 accounts from Karvy Stock Broking. The custody value of these accounts as of 31 January 2021 is Rs 3,01,407 crore. Since December 2019, Karvy Stock Broking's trading terminals on NSE and BSE were closed under Sebi orders. In November 2019, SEBI barred Karvy from enrolling new clients for stock broking services and also prevented it from using the Power of Attorney (PoA) given by clients after i...

Explore Now MUMBAI: IIFL Securities has won the bid to acquire nearly 11 lakh demat accounts held by Karvy Stock Broking with assets under management of Rs 3.01 lakh crore in a formal bidding process organised by stock exchanges and depositories. Axis Securities has won the bid to acquire more than 11 lakh trading accounts held by Karvy Stock Broking, according to sources. Shares of IIFL Securities rallied more than 15% to Rs 53.95 on Wednesday after the news of acquisition. After the acquisition of Karvy accounts, IIFL Securities the combined accounts will become 13.83 lakhs, the 3rd largest...