(Reuters) – India’s markets regulator has approved the initial public offering of JSW Cement [JSWC.NS], a notification on the regulator’s website showed on Monday.
The cement arm of billionaire Sajjan Jindal’s steel-to-energy JSW Group had filed for its IPO in August in a bid to cash in on the country’s red-hot equities market and strong demand for the construction material.
SEBI had put the IPO on hold in September but had not publicly disclosed why.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Janane Venkatraman)
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