As many as eight companies, including real estate developer Eldeco Infrastructure and Properties, and Associated Power Structures, have secured Sebi’s approval to raise funds through initial public offerings (IPO), an update with the markets regulator showed on Friday.
Others that received regulatory clearance are HD Fire Protect Ltd, Xtranet Technologies, Parijat Industries India, Rotomag Enertec, CSM Technologies, and AITMC Ventures Ltd.
The eight companies had filed their preliminary IPO papers with Sebi between September and October, and obtained the regulator’s observations between January 28 and 30, the update showed.
In regulatory terms, Sebi’s observation is equivalent to clearance for launching a public issue.
Haryana-based real estate developer Eldeco Infrastructure and Properties Ltd proposed public issue is a mix of fresh issues of shares worth Rs 800 crore and an offer for sale up to Rs 200 crore by promoters.
Proceeds from the fresh issue worth Rs 600 crore will be u​As many as eight companies, including real estate developer Eldeco Infrastructure and Properties, and Associated Power Structures, have secured Sebi’s approval to raise funds through initial public offerings (IPO), an update with the markets regulator showed on Friday.
Others that received regulatory clearance are HD Fire Protect Ltd, Xtranet Technologies, Parijat Industries India, Rotomag Enertec, CSM Technologies, and AITMC Ventures Ltd.
The eight companies had filed their preliminary IPO papers with Sebi between September and October, and obtained the regulator’s observations between January 28 and 30, the update showed.
In regulatory terms, Sebi’s observation is equivalent to clearance for launching a public issue.
Haryana-based real estate developer Eldeco Infrastructure and Properties Ltd proposed public issue is a mix of fresh issues of shares worth Rs 800 crore and an offer for sale up to Rs 200 crore by promoters.
Proceeds from the fresh issue worth Rs 600 crore will be u ​Latest News [ SOBAN NEWS: International and National ]
