SEBI gives nod to NSDL IPO; issued observation letter on September 30

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As per reports, the marketplace watchdog SEBI oregon Securities and Exchange Board of India has fixed its go-ahead for the depository's nationalist issue. Last twelvemonth successful December, the SEBI removed the company's DRHP from abeyance paving mode for its Rs 3,000 crore IPO.

The IPO is among the astir awaited successful 2024. SEBI successful its respect has issued the reflection missive connected September 30.

The reflection missive is an denotation that the IPO has got the clearance from the watchdog and has a validity of 12 months.

An reflection missive is simply a papers issued by the Securities and Exchange Board of India (SEBI) to a institution successful effect to a draught connection papers for an Initial Public Offering (IPO).

The starring depositories compan filed its IPO papers successful July and Sebi had placed the DRHP successful abeyance successful August.

Investment bankers said the regulator puts immoderate IPO connected clasp if determination is pending regulatory probe oregon if accusation sought from the institution oregon different regulatory bodies is not received connected time.

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