Key Approval Details

  • SEBI approval received via letter no. HO/47/28/13(3)2026-MRD-RAC2-I/15670/2026 dated July 08, 2026
  • Approval granted for additional investment of up to ₹20,00,00,000/- (Rupees Twenty Crore Only) in IIBH
  • Investment approved under Regulation 7(c) of SEBI (Depositories & Participants) Regulations, 2018
  • Governing Board approval obtained in meeting held on June 29, 2026

Investment Terms

  • Amount: ₹20,00,00,000/- (Rupees Twenty Crore Only)
  • Instrument: 20,00,00,000 equity shares of ₹1/- each at par value
  • Price per share: ₹1/- (Rupee One only)
  • Payment method: Banking channels transfer through ODI Route (Cash)
  • Percentage holding post-investment: Remains unchanged at 20%

Target Entity Details

Name: India International Bullion Holding IFSC Limited (IIBH)

Business Description:

  • Holding company for Bullion Project
  • Funds two subsidiaries: India International Bullion Exchange IFSC Limited (bullion importing platform) and India International Depository IFSC Limited (depository functions)
  • Special purpose vehicle without customer interface
  • Located in GIFT IFSC, Gandhinagar, Gujarat
  • Registered as Finance Company from IFSCA on August 09, 2021
  • Received approval from Kandla Special Economic Zone (KASEZ) on October 01, 2021
  • Date of Incorporation: June 04, 2021

Financial Performance:

  • Consolidated Turnover as on March 31, 2026: ₹10,46,53,992/- (Rupees Ten Crore Forty-Six Lakh Fifty Three Thousand Nine Hundred Ninety-Two Only)
  • Historical Turnover:
  • 2025-26: ₹10,46,53,992
  • 2024-25: ₹44,75,76,730
  • 2023-24: ₹17,55,92,270

Consortium Structure

IIBH was established by a consortium consisting of:

  • Central Depository Services (India) Limited (CDSL)
  • India INX International Exchange (IFSC) Limited (INDIA INX)
  • India International Clearing Corporation IFSC Limited (INDIA ICC)
  • Multi Commodity Exchange of India Limited (MCX)
  • National Securities Depository Limited (NSDL)
  • National Stock Exchange of India Limited (NSE)

Purpose and Impact

  • To support various IT infrastructure development
  • To maintain the Networth in IIDI as stipulated by IFSCA
  • Investment in IIDI shall be infused by IIBH with equal subscription from all consortium members
  • Addresses challenges in India's bullion market (second largest in consumption globally but lacks organization)
  • Expected to eliminate market inefficiencies and help India become a price setter for bullion

Timeline

  • Tentative completion timeline for first tranche: Latest by August 02, 2026
  • Board of IIBH may allot shares before August 02, 2026, subject to receipt of assent/descent from all existing shareholders
  • After first tranche completion, Board will proceed to offer 2nd tranche of investment to existing shareholders

Additional Information

  • Country of presence: India
  • This intimation available on company website: https://nsdl.com/
  • Filed by Alen Ferns, Company Secretary & Compliance Officer (Membership No. A30633)