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State Bank of India (SBI) plans to sell a 2% stake in National Securities Depositories Limited (NSDL) through an IPO, while HDFC Bank will also sell a 2% stake in the IPO. NSDL is a depository organization that provides clearing and settlement services for securities and instruments
(FE) National Securities Depository Ltd (NSDL) has filed draft papers with markets regulator Sebi for its initial public offering.The initial public offering (IPO) is a complete offer-for-sale (OFS) of more than 5.72 crore equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). Under the OFS, IDBI Bank plans to offload 2.22…
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.
NEW DELHI (Reuters) - HDFC Bank will sell a 2% stake in the initial public offering (IPO) of National Securities Depository (NSDL), the lender informed exchanges on Sunday.
HDFC Bank holds 8.95% stake in NSDL, which handles most of the securities held and settled in dematerialised form in the Indian capital market