Sebi puts Gemini Edibles & Fats India's Rs 2,500-crore IPO in 'abeyance'

Without disclosing the reason, Sebi said "issuance of observations kept in abeyance" with regard to the IPO of Gemini Edibles & Fats India according to an update on the Sebi's website as of August 20

Capital markets regulator Securities and Exchange Board of India (Sebi) has put the proposed Rs 2,500-crore initial share-sale of edible oil major Gemini Edibles & Fats India in “abeyance”, an update with the watchdog showed on Monday.
 
However, the Sebi did not provide further information.
 
On August 9, the company had filed preliminary papers with Sebi to raise funds through an initial public offering (IPO).
 
Without disclosing the reason, Sebi said “issuance of observations kept in abeyance” with regard to the IPO of Gemini Edibles & Fats India according to an update on the Sebi's website as