Sebi says it might issue observations on these companies’ document within 30 days from the date of receipt of satisfactory reply from the lead merchant bankers to the clarification or additional information sought. Photo : Aniruddha Chowdhury/MintNew Delhi: Securities and Exchange Board of India (Sebi) has sought clarification from as many as five companies, including Bandhan Bank and Indian Renewable Energy Development Agency (IREDA), regarding their proposed initial public offerings (IPO). The other companies are Srei Equipment Finance, state-owned RITES Ltd and Mishra Dhatu Nigam Ltd (MIDHANI), as per the latest information with Sebi. Without disclosing details of clarifications sought, Sebi has said “clarifications (are) awaited from lead manager(s)” for the proposed public issues. Sebi said that it might issue observations on these companies’ document within 30 days from the date of receipt of satisfactory reply from the lead merchant bankers to the clarification or additional information sought.

Source: Mint February 05, 2018 12:56 UTC