NSDL gets Sebi nod for IPO over a year after filing offer document

Quick Summary:

NSDL’s DRHP was kept in abeyance between August and December, which also led to a delay in obtaining the final approval.

Market participants said NSDL may have to update its financials in an addendum to the DRHP since a long time has passed during the approval process.

The market regulator issued final observations on September 30 on its draft red herring prospectus (DRHP), which was filed in July 2023.

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Category: BusinessFinance

Markets: India

Topics: NSDL Sebi Ipo filing NSE IPO

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 17:23:21 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 345 words

Reading Time: 2 minutes read

Sentences: 15 lines

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Copyright Owner: © Business Standard

News ID: 22953406

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