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
Source: livemint.com
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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.
Source: bqprime.com
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.
Source: rediff.com
HDFC Bank to sell 2% stake in NSDL IPO
The lender holds a 8.95% stake in NSDL, which handles most of the securities held and settled in dematerialised form in the Indian capital market.
Source: moneycontrol.com
SBI to offload 2% equity stake in NSDL IPO via offer for sale
Two percent translates to up to 40,00,000 equity shares.
Source: moneycontrol.com