India: Sebi puts Go Air, Aditya Birla MF IPOs on hold

Birds rest on the logo of the Securities and Exchange Board of India (SEBI). REUTERS/Shailesh Andrade/Files

The Securities and Exchange Board of India (Sebi) on Monday said it has put in abeyance the IPO approval process of no-frills carrier Go Airlines (India) Ltd and Aditya Birla Sun Life AMC.

The notification on the regulator’s website did not specify any reason for putting these approvals on temporary hold; however, it said that it has issued some observations to the merchant bankers of these two issues, without specifying the particular observations.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter