NSDL is said to plan $400 mn IPO for Jul

National Securities Depository Ltd (NSDL) is pressing ahead with its plan for an initial public offering (IPO) that is expected to raise about $400 million, as per people familiar with the matter.

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The proposed listing of NSDL, which was initially cleared by the market regulator in October last year, is now slated to take place as soon as July, according to the people, who asked not to be named as the information is private.