Sebi greenlights NSDL IPO: NSE, HDFC Bank, among others to pare stakes

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Sebi greenlights NSDL IPO: NSE, HDFC Bank, among others to pare stakes - Business Standard

Quick Summary:

Through its subsidiaries, NDML and NPBL, NSDL offers a range of IT-enabled solutions across multiple verticals such as e-governance, payment solutions, collaborative industry solutions, regulatory platforms, KYC solutions, insurance repository services, and digital banking solutions.

ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), IDBI Capital Markets & Securities, Motilal Oswal Investment, and SBI Capital Markets are the book running lead managers for the public issue.

NSDL is a SEBI-registered market infrastructure institution that pioneered the dematerialization of securities in India in November 1996.