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The IT-enabled solutions providers public issue will be entirely an offer for sale (OFS) by existing investors, giving an exit to eight of its over 20 investors, sources said.
ITC shareholders as of the record date of May 30 will get a final dividend of Rs 6.75 per share and a special dividend of Rs 9.75 per share. The total comes to Rs 9.50 per share
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
The IPO has been put under abeyance due to a pending investigation against the NSE, sources told CNBC TV-18.
There is a pending probe against its largest shareholder, NSE