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National Securities Depository files DRHP with Sebi to float IPO

Business Standard


The National Securities Depository (NSDL), country’s largest depository, has filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi).


In the initial public offering (IPO), IDBI Bank, National Stock Exchange (NSE) and Union Bank are looking to pare their holdings. NSDL will not issue any fresh shares in the IPO.


NSDL’s rival Central Depository Services (CDSL) came out with…


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