Bharat Dynamics is the fourth PSU to approach Sebi for an IPO in less than one month. Photo: iStockphotoNew Delhi: Defence public sector unit (PSU) Bharat Dynamics Ltd has filed draft papers with Securities and Exchange Board of India (Sebi) to float an initial public offer (IPO). Bharat Dynamics is the fourth public sector undertaking (PSU) in less than one month to approach Sebi for an IPO. Bharat Dynamics was established in 1970 and is a manufacturer of guided missiles and allied defence equipment. SBI Capital Markets, IDBI Capital Markets and Securities Ltd and Yes Securities Ltd will manage Bharat Dynamics IPO.

Source: Mint January 23, 2018 13:41 UTC