GDS Holdings Limited
GDS Holdings Limited (HKSE: 9698) is trading at HK$31.04, about ₹380 at today's HKD/INR rate, as of 29 Sep 2026, 4:08 AM ET, down 2.27% today. Indian residents can buy GDS from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$30.76
Today's high
HK$31.68
52 week low
HK$27.32
52 week high
HK$46.94
9698 opened at HK$31.68, closed previously at HK$31.76, and has traded between HK$27.32 and HK$46.94 over the past 52 weeks.
About
GDS Holdings Limited operates and develops data centers throughout the People's Republic of China. The company provides a range of services, including colocation offerings that supply critical facility space, customer power, racks, and cooling. They also deliver managed hosting services, which cover essential functions like business continuity and disaster recovery, network management, data storage, system security, and support for operating systems, databases, and server middleware. Furthermore, GDS offers managed cloud solutions and consulting services. Their client base is broad, encompassing cloud service providers, major internet companies, financial institutions, telecommunications and IT service providers, along with prominent domestic private sector firms and multinational corporations. The company was established in 2001 and is based in Shanghai, China.
Key statistics
Avg. volume
5.96M
Market cap
HK$48.40B
P/E Ratio
11.33
Price-to-sales ratio
3.38
Enterprise value
CN¥73.80B
Free cash flow yield
-1.90%
Debt-to-equity ratio
1.46
Return on equity
12.75%
ROIC
2.22%
Beta
0.43
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
CN¥11.43B
Earnings per share
CN¥0.59
Free cash flow
-CN¥1.21B
Net profit margin
30.52%
Gross margin
24.34%
EBITDA
CN¥4.96B
Revenue growth
10.76%
Similar securities
This is not an investment recommendation
How to buy GDS from India
Indian residents can buy GDS shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for GDS and place an order
Find GDS by name or by its ticker, 9698, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. GDS trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your GDS position in HKD and INR. GDS pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in GDS from India
Trading and taxes when buying GDS from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneGDS does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy GDS stock?
Yes. GDS (9698) has been listed on the Hong Kong Stock Exchange since 2020, in the Information Technology Services industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one GDS share cost in rupees?
One GDS share is HK$31.04 — about ₹380 at an HKD/INR rate of 12.25 on 28 Sep 2026. Both the GDS price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying GDS from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of GDS?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on GDS shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the GDS price. Paasa issues a capital-gains statement for your return.
Does GDS pay a dividend?
No. GDS does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade GDS from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is GDS a Hong Kong SAR China company, and does that change how it is taxed?
GDS trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. GDS trades as an ordinary share listed directly in Hong Kong, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare GDS shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your GDS holding, its cost and its closing value.
How do I sell GDS and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.