Sebi gives go-ahead to 3 firms for IPO

Hinduja Leyland and CL Educate had filed draft papers with Sebi on March 30. The information available on the Sebi website shows that the market watchdog has cleared these two companies on June 24.

Jun 28, 2016 10:06 IST India Infoline News Service

Initial Public Offering, IPO
Market regulator Sebi has given its green signal to as many as three companies to raise funds via initial public offering (IPO). Hinduja Leyland Finance, CL Educate and Uniparts are the companies that will hit the capital market this year.

Hinduja Leyland and CL Educate had filed draft papers with Sebi on March 30. The information available on the Sebi website shows that the market watchdog has cleared these two companies on June 24.

Hinduja Leyland Finance is expected to raise Rs.500 crore, while Uniparts is likely to mop up Rs.300 crore.

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