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.
Going by the draft papers, NSDL’s proposed initial public offering (IPO) is a complete offer-for-sale (OFS) of more than 5.72 crore equity shares by existing shareholders.
Under the OFS, IDBI Bank plans to offload 2.22 crore shares, National Stock Exchange (NSE) 1.80 crore shares, Union Bank of India 56.25 lakh shares, State Bank of India and HDFC Bank will offload 40 lakh shares each.
Also, Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI) will sell 34.15 lakh shares of the Mumbai-based depository.
IDBI Bank and National Stock Exchange (NSE) held 26.10 per cent and 24 per cent, respectively, of the share capital of NSDL.
A certain por
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