SEBI Clears NSDL IPO; IDBI Bank, SBI To Sell Stakes In OFS
Mumbai: The Securities Exchange Board of India (SEBI) has cleared the initial public offering (IPO) of India’s largest depository, the National Securities Depository Ltd (NSDL). The market watchdog issued an observation on Sept 30, for the company’s public offering. In SEBI’s parlance, obtaining the observation letter means its go-ahead to float the public issue. The…