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Hudco gets Sebi approval to float IPO

Hudco gets Sebi approval to float IPO

Wednesday, March 22, 2017, 3:50 PM

State-run Housing and Urban Development Corp. Ltd (Hudco) has received capital markets regulator Securities and Exchange Board of India’s approval to raise funds through an initial share sale as part of the government’s disinvestment drive. Hudco had filed draft papers with the Sebi in January and got the markets watchdog’s “observation” on 10 March, which is necessary for any company to launch public offer.
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