SEBI Clears IPO Plans for Jio Platforms and Six Others

India’s market regulator has reviewed the IPO plans of seven companies.

An IPO is when a company offers shares to the public for the first time.

The companies can now continue preparing for their offerings.

Jio Platforms plans to issue new shares and use much of the money to repay debt.

Paras Healthcare plans to raise money through new shares and shares sold by existing investors.

Bharat PET also plans to combine new shares with shares sold by existing shareholders.

Paras Healthcare would use part of its new money to repay debt.

Bharat PET would spend some proceeds on debt repayment and machinery.

The other four companies received observations too, but the article does not provide details of their proposed offerings.