National Securities Depository Ltd

NSDL aims to launch Rs 3,000-cr IPO by next month: Official

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NSDL aims to launch Rs 3,000-cr IPO by next month: Official

Depository firm NSDL is targeting to launch its much awaited Rs 3,000-crore initial public offering (IPO) by next month, a senior official said on Thursday. As a market infrastructure institution (MII), National Securities Depository Ltd (NSDL) also needs other approvals apart from the draft red herring prospectus, the official said, adding that it is this … Read more

FPIs and custodian banks get more time on stake disclosure

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FPIs and custodian banks get more time on stake disclosure

Sebi laid down the basic reporting framework in a circular issued in October 2020. In March and April 2021, NSDL told custodians that the reporting of ODI subscribers and DR holders would be effective from May 17, 2021. Synopsis By May, custodian banks — which are multinational financial services groups holding securities on behalf of … Read more