ECURITIES AND EXCHANGE BOARD OF INDIA SECONDARY MARKET DEPARTMENT Mittal Court, A Wing, Gr. Floor, 224, Nariman Point, Mumbai 400 021
TO:
Executive Directors/Managing Directors of All Stock Exchanges
Dear Sir,
The members of the Stock Exchanges are depositing shares and securities with the Stock Exchange as a part of base minimum capital. The Stock Holding Corporation of India Limited(SHCIL) promoted by All India Financial Institutions is a registered custodian and provides custodial services to various financial institutions, mutual funds and other investors.
SHCIL has also offered custodial services to all Stock Exchanges for safe-keeping of the securities at a minimum cost. The Stock Exchanges desirous of taking services of SHCIL may have direct negotiations.
Yours faithfully,
O. P. GAHROTRA