LG Electronics India, Innovision Receive Sebi Approval for IPOs
Hindustan Times West UP
|March 19, 2025
LG Electronics India Ltd, a subsidiary of the South Korean chaebol LG, and manpower and toll plaza management services provider Innovision Ltd have received Sebi's approval to raise funds through Initial Public Offerings (IPOs), an update with the capital markets regulator showed on Tuesday.
NEW DELHI:
LG Electronics India and Innovision filed draft IPO papers with Sebi in December and obtained the regulator's observations on March 13 and March 12, respectively.
In Sebi's parlance, obtaining the observations means its go-ahead to float the public issue.
As for LG Electronics India, it filed preliminary papers with Sebi in December for an IPO wherein the parent company will sell over 10.18 crore shares, amounting to a 15% stake, as per the Draft Red Herring Prospectus (DRHP).
यह कहानी Hindustan Times West UP के March 19, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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