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.
The company had clocked a loss of Rs 20 crore in the year-ago period. Its total income rose to Rs 830.9 crore from Rs 781.6
The regulator imposed this restriction as a temporary measure after discovering that Axis Capital had essentially guaranteed the redemption of NCDs under the pretence of
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