Sebi puts NSDL IPO under 'abeyance'
According to the draft papers, NSDL's proposed IPO is a complete offer-for-sale of more than 5.72 crore equity shares by existing shareholders
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According to the draft papers, NSDL's proposed IPO is a complete offer-for-sale of more than 5.72 crore equity shares by existing shareholders
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.
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.
As a first step, Indian companies can list on the foreign exchanges at the International Financial Services Centre in Ahmedabad, Gujarat
India Business News: MUMBAI: Indian companies - listed and unlisted - can now directly list on the International Financial Services Centre (IFSC) in Gujarat's GIFT City, f.