Sembcorp Energy India, Montecarlo get Sebi nod for IPO

Sembcorp Energy India, Montecarlo get Sebi nod for IPO

Photo by Livemint

Sembcorp Energy India, an independent power producer, and construction company Montecarlo Ltd have received Securities and Exchange Board of India’s go-ahead to float an initial public offering (IPO). With this, the total number of companies getting Sebi’s approval for IPOs has reached 39 so far this year.

Sembcorp Energy had in February approached Sebi seeking its clearance for the IPO, while Montecarlo had filed its draft papers with Sebi in May. Sebi issued its “observations” to Montecarlo and Sembcorp Energy on 31 July and 1 August, respectively.

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