look news india
Market regulator Securities and Exchange Board of India (SEBI) has approved the IPO of National Securities Depositories (NSDL).
This IPO was awaited for a long time. The move will pave the way for major investors including the National Stock Exchange of India (NSE), State Bank of India (SBI) and HDFC Bank to sell their stake in NSDL. On July 7, 2023, more than a year after NSDL submitted its DRHP, SEBI has approved the IPO. ASDL will become the second depository to be traded in the stock market after Central Depository Services (CDSL). CDSL was listed on NSE in 2017. Both NSDL and CDSL are SEBI registered depositories in India, providing demat and settlement services.
