NSDL acquires 5.6% stake in ONDC for Rs10 crore

13 Oct 2022 , 10:53 AM

As per the reports, the National Securities Depository (NSDL) has bought a 5.6% share in the digital commerce platform Open Network for Digital Commerce (ONDC).

According to a press statement, NDSL has spent Rs10 crore to purchase 1 million shares, representing a 5.6% equity position. The Department for Promotion of Industry and Internal Trade promotes ONDC, which seeks to create a digital platform that connects sellers and purchasers of diverse items.

NSDL, one of the world’s largest depositories, was incorporated in August 1996 and has built a cutting-edge infrastructure to handle the majority of securities stored and settled in dematerialized form in the Indian capital market.

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