NSDL IPO gets SEBI approval, Here to know full details
The National Securities Depository Ltd (NSDL) filed its preliminary papers with the capital markets regulator on July 7, 2023.
NSDL IPO gets SEBI approval, Here to know full details
New Delhi: The Securities and Exchange Board of India (SEBI) has given its approval to the initial public offering (IPO) of National Securities Depository Limited (NSDL), which handles most of the securities held and settled in dematerialized form in the Indian capital market.
The National Securities Depository Ltd (NSDL) filed its preliminary papers with the capital markets regulator on July 7, 2023. However, in August 2023, Sebi had kept in 'abeyance' the proposed initial share sale of the securities depository.
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NSDL was established in August 1996 and has established itself as a state-of-the-art infrastructure that handles most of the securities held and settled in dematerialised form in the Indian capital market. Although India had a vibrant capital market that is more than a century old, the paper-based settlement of trades caused substantial problems like bad delivery and delayed transfer of title, etc.
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