Danish brewing giant Carlsberg's India unit, TMC Transformers (India) Ltd, Ujin Pharma Ltd and Matangi Rubber Ltd have received regulatory clearance from Sebi to proceed with their proposed initial public offerings (IPOs).
The Securities and Exchange Board of India (Sebi) received the draft offer documents of the four companies between May and July. The regulator issued its observations on their IPO proposals between September 28 and October 1, according to an update on Sebi's website on Thursday.
