BSE Investments Ltd acquires 24% stake in CDSL Commodity Repository Ltd

BSE Investments Limited (BSEIL), a 100% subsidiary of BSE acquired 24 per cent stake in CDSL Commodity Repository Limited (CCRL).

Regulated by the Warehouse Development and Regulatory Authority (WDRA), CCRL will record the storage and transfers of commodities including warehouse receipt transfers, although deliveries are in physical form. It is similar to the way depositories function for equities and other financial securities. A trade repository is another important step forward in improving regulatory transparency in the commodity derivatives markets in India.

CCRL will enable electronic accounting of commodities, thereby ensuring ease of use, higher accuracy and lower costs for document transmission. The commodity repository will also provide the legal and regulatory environment for inventory financing and warehouse receipt lending.

Shri Ashishkumar Chauhan, MD & CEO, BSE said, “We are delighted to partner with CCRL to provide a repository for commodities that will support regulatory reporting requirements for development of the commodities derivatives in India. We believe this partnership will further strengthen our quest of developing and strengthening Commodity markets in India”.  

On August 1, the BSE Sensex closed at 37,521.62 level, down by 84.96 points or by 0.23 per cent.