 "IPO")
Biscuit-maker Mrs Bectors Food Specialities and auto-components maker Sansera Engineering have received markets regulator Sebi’s go-ahead to launch initial share-sale offers.
Mrs Bectors Food and Sansera Engineering obtained “observations” from the Securities and Exchange Board of India (Sebi) on November 9 and November 12, respectively, showed the latest update with the markets watchdog.
The two companies had filed their draft papers with the regulator in August, seeking its go-ahead to float initial public offerings (IPO).
According to its draft papers, Mrs Bectors Food’s IPO will see sale of shares to the tune of ~8 billion by existing shareholders and promoters.
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