The regulator issued its final observations on the draft papers filed by the companies earlier this month. When a company receives a final observation from Sebi, it’s a signal from the regulator to go ahead with the IPO process.
Warning Signal? FIIs cut stake in 11 smallcap stocks in the last 3 quarters; prices crash up to 70%
Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention