New Delhi: Leading text book publisher S Chand and Company has received markets regulator Sebi’s approval to float an initial public offering (IPO).
This includes fresh issue of shares worth Rs 300 crore. Besides, the company’s existing shareholders, including private equity fund Everstone and International Finance Corporation (IFC), would be offloading 6,023,236 shares through the Offer for Sale (OFS) route.
The company had filed draft red herring prospectus (DRHP) with Sebi in December last year to float an initial public offer. It received Sebi’s…