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Nehal Vora reappointed MD and CEO of CDSL; SCHIL makes trading debut

Shares of CDSL last closed at Rs 1,382, up 0.25 per cent, valuing the company at Rs 28,879 crore

Nehal Vora

Nehal Vora

BS Reporter

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Nehal Vora has been reappointed as the MD and CEO of Central Depository Services India (CDSL). Vora has been heading the country’s only listed depository since September 24, 2019.

His second five-year term will be from September 18, 2024, till September 17, 2029. His appointment follows regulatory nod from Sebi in a letter dated August 29. CDSL handles over 130 million demat accounts.

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Shares of CDSL last closed at Rs 1,382, up 0.25 per cent, valuing the company at Rs 28,879 crore.


Spun-off Sanofi Consumer makes trading debut

Shares of Sanofi Consumer Healthcare India (SCHIL) ended at Rs 4,703 on Friday during the trading debut. SCHIL—listed separately following its demerger from Sanofi India—is currently valued at Rs 10,831 crore.
 

Meanwhile, shares of Sanofi India fell 0.92 per cent to end at Rs 7,152. The local unit of French multinational pharmaceutical and healthcare company Sanofi is valued at Rs 16,471 crore.

“In alignment with Sanofi's global strategy, SCHIL is now operating independently, with a dedicated focus on the consumer healthcare sector,” the company said in a release. SCHIL has a portfolio of products across categories such as allergy, digestive wellness, pain care, and multivitamins and herbal dietary supplements.

SCHIL’s key brands include Allegra, DePURA, Avil, and Combiflam. Several Indian companies, including Reliance Industries, Raymond, and Bajaj Electricals, have demerged their units to unlock value.


Centralised fee payment system for IAs, RAs announced

Sebi introduces Centralised Fee Collection Mechanism (CeFCoM), a voluntary platform for registered investment advisors (IAs) and research analysts (RAs) to collect fees, aimed at curbing unauthorised activities. The platform, co-created by BSE with stakeholder input, will be operational from October 1, with BSE required to outline the operational framework by September 23. CeFCoM will channel fee payments through a formal, supervised system, enhancing regulatory oversight and transparency.


Western Carriers IPO booked 79% on Day 1

The initial public offering (IPO) of logistics company Western Carriers (India) got subscribed 79 per cent on the first day of subscription on Friday. The Rs 493-crore initial share sale received bids for 1,64,59,269 shares against 2,08,68,467 shares on offer, according to NSE data. The retail individual investors part received 1.41 times subscription while the quota for non-institutional investors got subscribed 38 per cent. Western Carriers on Thursday said it has mobilised Rs 148 crore from anchor investors. The Kolkata-based company's IPO is available for subscription in the price range of Rs 163 to Rs 172 per share. PTI

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First Published: Sep 13 2024 | 5:26 PM IST

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