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NSDL Gets Extension to Launch IPO Till July 31
Hindustan Times Pune
|April 03, 2025
Capital markets regulator Sebi has granted an extension for the listing of National Securities Depository Ltd (NSDL) shares until July 31, 2025, the depository announced.
NEW DELHI:
This extension comes after the depository sought an extension from the Securities and Exchange Board of India (Sebi).
According to NSDL's statement, "Sebi, vide its letter dated March 28, 2025, has granted an extension for the listing of shares of NSDL on a recognised stock exchange until July 31, 2025, subject to the conditions."
Market experts suggest that this extension will give NSDL ample time to ready itself for the Initial Public Offering (IPO) and to launch it when market conditions are more favourable.
Sebi granted its go-ahead to NSDL in September 2024 to float its IPO.
The depository had filed its draft papers in July 2023.
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