Defence technology startup Tonbo Imaging has secured Securities and Exchange Board of India approval for its proposed initial public offering after refiling its draft papers, clearing a key regulatory hurdle for a market debut. The issue is expected to include an offer for sale, signalling that existing shareholders are likely to pare stakes as the company moves closer to listing.
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"Tonbo Imaging Wins SEBI Approval After Refilling IPO Papers"
Defence technology startup Tonbo Imaging has secured Securities and Exchange Board of India approval for its proposed initial public offering after refiling its draft papers, clearing a key regulatory hurdle for a market debut. The issue is expected to include an offer for sale, signalling that existing shareholders are likely to pare stakes as the company moves closer to listing.
Tonbo Imaging Wins SEBI Approval After Refilling IPO Papers
R
RDU Global Wire
Startups & Venture Capital Desk
New Delhi, India Just now (12:24 PM IST)•5 min read
Defence technology startup Tonbo Imaging has secured Securities and Exchange Board of India approval for its proposed initial public offering after refiling its draft papers, clearing a key regulatory hurdle for a market debut. The issue is expected to include an offer for sale, signalling that existing shareholders are likely to pare stakes as the company moves closer to listing.
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