LG Electronics India, Innovision get market regulator Sebi’s nod for IPOs

LG Electronics India Ltd, a subsidiary of the South Korean chaebol LG, and manpower and toll plaza management services provider Innovision Ltd have received Sebi’s approval to raise funds through Initial Public Offerings (IPOs), an update with the capital markets regulator showed on Tuesday.

LG Electronics India and Innovision filed draft IPO papers with Sebi in December and obtained the regulator’s observations on March 13 and March 12, respectively.