
Six companies receive regulatory nod to issue IPO; HDB Financial to raise Rs 12,500 crore via fresh issue
Six companies, including HDB Financial Services—a subsidiary of HDFC Bank—and Vikram Solar, have received approval from the Securities and Exchange Board of India (Sebi) to raise funds through initial public offerings (IPOs), according to an update from the markets regulator on Tuesday.The other companies that secured Sebi’s nod are A-One Steels India, Shanti Gold International,…