News Snapshot:
New Delhi: Chemplast Sanmar and Tatva Chintan Pharma Chem have received capital markets regulator Sebi 's go ahead to raise Rs 3,950 crore collectively through initial share sales. Chennai-based Chemplast Sanmar filed preliminary IPO papers in May to raise Rs 3,500 crore, while specialty chemical manufacturing company Tatva Chintan Pharma Chem approached Sebi with its draft papers in April to garner Rs 450 crore through its initial public offering (IPO). Chemplast Sanmar and Tatva Chintan Pharma Chem obtained Sebi's observations on July 2 and June 30 respectively, an update with Sebi showed on Monday. Sebi's observations are necessary for any...
