Securities and Exchange Board of India (Sebi) puts SK Finance's Rs 2,200-crore IPO on hold.
Securities and Exchange Board of India (Sebi) has put the proposed Rs 2,200-crore IPO of Jaipur-based non-bank lender SK Finance on hold without specifying reasons. SK Finance, focused on vehicle finance and business loans, had filed its preliminary papers with Sebi in May. The IPO involves a fresh issue of equity shares worth Rs 500 crore and an offer for sale of up to Rs 1,700 crore by promoters and investor shareholders.
July 08, 2024
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