Sebi approves NSDL IPO, HDFC Bank to pare stake

Sebi has approved the IPO of National Securities Depository Limited (NSDL). The offer for sale will include 57,260,001 shares, with major stakeholders like IDBI Bank, NSE, and SBI reducing their stakes. NSDL is the largest depository in India. The company’s shares will be listed on BSE. Several banks and financial institutions are key stakeholders in this IPO.