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SEBI Grants NSDL Time Till End-July To Launch IPO, Sources Say

  • SEBI has granted the National Securities Depository Ltd. (NSDL) time till the end of July to launch its IPO worth Rs 3,000 crore.
  • SEBI's extension allows NSDL to launch its IPO at a more favorable time during the market correction phase.
  • The approval for NSDL's IPO was in October, and the offering will only include an offer for sale.
  • NSDL is India's largest depository, with various approvals required before launching the IPO.

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