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NSDL, India's largest depository, plans a July IPO to raise about $400 million from existing shareholders.
National Securities Depository Ltd. (NSDL), India's largest depository, plans to launch an IPO in July, aiming to raise about $400 million.
The offering involves 50.1 million shares sold by existing shareholders, including IDBI Bank, National Stock Exchange of India, and State Bank of India.
NSDL itself will not receive proceeds from the sale.
The IPO is being managed by several financial institutions.
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NSDL, el depósito más grande de la India, planea una salida a bolsa en julio para recaudar alrededor de $ 400 millones de los accionistas existentes.