Absolute Projects, Jindal Supreme get SEBI approval for IPOs

Two Indian companies, Absolute Projects and Jindal Supreme, have received approval from SEBI to launch their initial public offerings (IPOs).

Absolute Projects plans to use the funds to upgrade their manufacturing facilities and buy new equipment for their power projects.

Jindal Supreme, on the other hand, will use the money to pay off their debts.

Both companies will list their shares on the BSE and NSE exchanges.

This approval allows them to proceed with their plans to raise capital from the public.