Vijay Chandok appointed as new CEO of NSDL as company prepares for IPO

Vijay Chandok has been appointed as the new Managing Director and CEO of NSDL, succeeding his role at ICICI Securities. He brings over 30 years of experience in the banking and financial services sector. NSDL, India's first securities depository, recently reached Rs 500 lakh crore in custody assets. The company is preparing for its initial public offering, which has been approved by the Securities and Exchange Board of India. The IPO will involve a complete offer-for-sale of over 5.72 crore equity shares from various shareholders, including the National Stock Exchange, State Bank of India, and HDFC Bank.