Scrutiny of IPO "routine" says Suzlon

Google Translate

An enquiry by India's ministry for corporate affairs into Suzlon's Initial Public Offering (IPO) is a matter of "routine" to ensure funds have been used correctly, says the company. The investigation is one of more than 15 being conducted into IPOs in the past three years. These include Reliance Petroleum, Mahindra & Mahindra, Deccan Aviation, Biocon and Jet Airways. The ministry says it wants to ensure investor interest is protected at a time when the market is hitting new highs.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in