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LG Electronics India, Innovision Receive Sebi Approval for IPOs
Hindustan Times Jammu
|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).
Dit verhaal komt uit de March 19, 2025-editie van Hindustan Times Jammu.
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