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Sebi disposes of cases against Vishvaraj, clearing way for IPO
Financial Express Lucknow
|March 21, 2026
THE SECURITIES AND Exchange Board of India (Sebi) has disposed of cases against Vishvaraj Environment after the Reserve Bank of India (RBI) confirmed that the company had regularised regulatory lapses that were not disclosed in its draft red herring prospectus.
With Sebi dropping the show-cause notice without any adverse direction, the company and its three merchant bankers can now go ahead with the initial public offering (IPO) process.
“The department is advised to process the offer documents in regular course and carry out their due diligence as done in any other case,” Sebi Whole-Time Member Kamlesh Chandra Varshney said in an order on Thursday.
Esta historia es de la edición March 21, 2026 de Financial Express Lucknow.
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