Sebi Approves IPOs for Clean Max and Nephrocare

Two companies, Clean Max and Nephrocare, got the okay from India's market regulator, Sebi, to sell their shares to the public.

Clean Max, which helps businesses use clean energy, wants to raise about Rs 5,200 crore to pay off loans and for general business needs.

Nephrocare, which provides dialysis services, is also going public to raise funds, though the amount is smaller.

Both companies had submitted their plans earlier this year and have now been approved to proceed with their stock market debuts.