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HDFC Bank to sell 2% stake in NSDL IPO - Vimarsana News

HDFC Bank to sell 2% stake in NSDL IPO

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 to sell 2% stake in NSDL IPO; lender to announce Q1 results on July 17 - Vimarsana News

HDFC Bank to sell 2% stake in NSDL IPO; lender to announce Q1 results on July 17

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

NSDL Files Draft Red Herring Prospectus With Sebi For IPO - Vimarsana News

NSDL Files Draft Red Herring Prospectus With Sebi For IPO

If the listing goes ahead as planned, NSDL would become the second depository after peer Central Depository Services Limited in 2017 to be listed on the domestic bourses.

HDFC Bank To Sell 2% Stake In NSDL IPO - Vimarsana News

HDFC Bank To Sell 2% Stake In NSDL IPO

In its draft red herring prospectus (DRHP) dated July 7, the depository said the IPO will see sales of 57.3 million shares by its six shareholders.

Source: india.com
HDFC Bank to divest 2% stake in NSDL via initial public offering; to announce Q1 results on 17 July - Vimarsana News

HDFC Bank to divest 2% stake in NSDL via initial public offering; to announce Q1 results on 17 July

HDFC Bank plans to divest a 2% stake in the National Securities Depository (NSDL) through its IPO. The bank will offload up to 40 lakh equity shares. Additionally, HDFC Bank will announce its Q1 results for FY24 on July 12.