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Markets regulator Sebi had received draft red herring prospectus for the proposed IPO on February 8
Hopes to obtain pending regulatory approvals from Sebi & Registrar of Companies, to tap the market soon
Sebi's final observations are very important for any company to launch any public offers
Proposed IPO comprises fresh issue of little over 16.7 mn shares by the company and an offer for sale by Reliance Capital of 50.3 mn shares
Up to 67 million shares on offer, Motilal Oswal Investment Advisors, Credit Suisse Securities, Edelweiss Financial, UBS Securities are global co-ordinators and book-running lead managers