JSW Cement’s Rs 4k-cr IPO on hold

New Delhi: Capital markets regulator Sebi has put on hold the proposed Rs4,000-crore initial public offering (IPO) of JSW Cement. Without specifying reasons,

Sebi stated that “the issuance of observations (has been) kept in abeyance,” according to an update on its website on Monday. JSW Cement, part of the diversified JSW Group, filed the preliminary IPO papers with Sebi on August 16.