India's Sebi suspended JSW Cement's ₹4,000-crore IPO without specifying reasons.
India's Securities and Exchange Board (Sebi) has suspended JSW Cement's ₹4,000-crore IPO without providing reasons. JSW Cement, a subsidiary of JSW Group, aimed to raise funds for a new plant in Rajasthan, debt repayment, and corporate expenses. The IPO included ₹2,000 crore from new equity and ₹2,000 crore from existing shareholders. Meanwhile, Sebi has approved IPOs for SK Finance, Belstar Microfinance, and Transrail Lighting.
September 02, 2024
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