Millennium Post

Want clarifications on Rs 700-cr IPO, Sebi tells Videocon d2h

Market regulator Sebi has sought clarifications from the merchant banker of Videocon D2H Ltd, the satellite television arm of Videocon Group, regarding the company’s proposed Rs 700 crore initial public offer (IPO).

Without disclosing the details of clarifications sought, Sebi has said that “clarifications (are) awaited from Lead Manager” for the proposed public offer. As per the latest weekly update to the processing status of draft offer documents filed with Sebi, the regulator has said clarifications are awaited on the IPO of Videocon D2H, which provides direct-to-home TV services, as on January 2, this year.
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