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NSDL IPO postponed: Sebi keeps NSDL IPO in 'abeyance'

The capital markets regulator said in a notification that the "issuance of observations (has been) kept in abeyance." It did not provide further details. NSDL last month filed its draft red herring prospectus with the Sebi for an IPO which is entirely an offer for sale (OFS) of 57,260,001 shares by existing investors such as IDBI Bank, NSE, SBI, HDFC Bank and Union Bank of India
National Stock Exchange Of India Union Bank National Securities Depository Limited National Stock Exchange Exchange Board Of India Sebi Unit Trust Of India

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SEBI Puts NSDL's IPO In Abeyance - National Securities Depository Ltd.

Capital markets regulator SEBI has put the proposed initial share sale of securities depository NSDL in abeyance. NSDL filed its preliminary papers with SEBI on July 7. The proposed IPO is a complete offer-for-sale of more than 5.72 crore equity shares by existing shareholders. Shares of the company are proposed to be listed on BSE. As of financial year 2023, NSDL's revenue was Rs 1,099.81 crore and its net profit was Rs 234.81 crore.
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Sebi puts NSDL's IPO in abeyance

Capital markets regulator Sebi has kept in abeyance the proposed initial share sale of securities depository NSDL. However, the Securities and Exchange Board of India (Sebi) did not clarify further. The National Securities Depository Ltd (NSDL) filed its preliminary papers with the capital markets regulator on July 7.
Exchange Board Of India Sebi National Securities Depository Ltd Union Bank National Stock Exchange Exchange Board State Bank
Source: rediff.com

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