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Market regulator Sebi has sought clarifications from the merchant banker of Bharat Business Channel, direct to home TV arm of Videocon Group, regarding the company's proposed Rs 700 crore public offering.
Without disclosing the details of the clarifications sought, the Securities and Exchange Board of India (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 were awaited on the IPO of Bharat Business Channel, which provides direct-to-home TV services under Videocon D2H brand, as on January 11, 2013.
The status is updated on a weekly basis by the regulator and the the next update of the status as on January 18, 2013 would be uploaded on the Sebi website on the next working day.
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Without disclosing the details of the clarifications sought, the Securities and Exchange Board of India (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 were awaited on the IPO of Bharat Business Channel, which provides direct-to-home TV services under Videocon D2H brand, as on January 11, 2013.
The status is updated on a weekly basis by the regulator and the the next update of the status as on January 18, 2013 would be uploaded on the Sebi website on the next working day.
Wish to Read further ---->