India's markets regulator clears NSDL IPO

India's markets regulator clears NSDL IPO

FILE PHOTO: The logo of the Securities and Exchange Board of India (SEBI) is pictured at its headquarters in Mumbai, India, March 1, 2017. REUTERS/Shailesh Andrade/File Photo

India’s markets regulator has approved an initial public offering by National Securities Depository Ltd (NSDL) more than a year after the company filed draft papers, a regulatory notice showed late on Monday.