The Securities and Exchange Board of India (SEBI) has given its approval for the highly anticipated initial public offering (IPO) of National Securities Depository Limited (NSDL). The ₹3,000 crore IPO will consist of an offer for sale (OFS) with key investors such as NSE, IDBI Bank, and SBI planning to offload their shares.
The IPO will see the sale of 57.2 million shares, including 22.2 million shares from IDBI Bank and 18 million from NSE. This IPO had been delayed earlier due to regulatory concerns but has now received SEBI’s green light, with the observation letter issued on September 30, 2024.
Once listed, NSDL will become the second depository company to be publicly traded after Central Depository Services Limited (CDSL).
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