简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:NEW DELHI, July 9 (Reuters) - HDFC Bank (HDBK.NS) will sell a 2% stake in the initial public offerin
NEW DELHI, July 9 (Reuters) - HDFC Bank (HDBK.NS) will sell a 2% stake in the initial public offering (IPO) of National Securities Depository (NSDL), the lender informed exchanges on Sunday.
The lender holds a 8.95% stake in NSDL, which handles most of the securities held and settled in dematerialised form in the Indian capital market.
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.
IDBI Bank (IDBI.NS) will sell up to 22.2 million shares, while National Stock Exchange will sell 18 million shares it owns in the depository.
Union Bank of India (UNBK.NS) will sell 5.62 million shares, and State Bank of India(SBI.NS), and Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI) will sell 4 million and 3.4 million shares, respectively. The sixth shareholder participating in the IPO is HDFC Bank.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.