Tue, Oct 08, 2024
An observation letter is a document issued by the Securities and Exchange Board of India (SEBI) to a company in response to a draft offer document for an Initial Public Offering (IPO).
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Mon, Jul 10, 2023
HDFC Bank will sell up to 40 lakh equity shares in NSDL as part of its partial divestment of equity stake held in NSDL. The first tranche of stake sale was worth Rs 2,750 per equity share, with HDFC bagging a cash consideration of Rs 110 crore. If HDFC Bank successfully offloads a 2% stake in NSDL through the IPO, then HDFC Bank's shareholding will drop to 6.95% in NSDL.
NSDL IPO: Under the OFS, IDBI Bank plans to offload 2.22 crore shares, National Stock Exchange (NSE) 1.80 crore shares, Union Bank of India 56.25 lakh shares, State Bank of India and HDFC Bank will offload 40 lakh shares each.
NSDL IPO will come soon… NSDL to sell stake through OFS in IPO? Full details of NSDL's functioning and financials In this video...
Sun, Jul 09, 2023
In its draft red herring prospectus (DRHP) dated July 7, the depository said the IPO will see sales of 57.3 million shares by its six shareholders.
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