 "Equitas Holding, G N A Axles get Sebi nod for IPO")
The Securities and Exchange Board of India (Sebi) has given approval to microfinance institution Equitas Holding and auto components maker G N A Axles to float initial public offerings. Equitas Holding and G N A Axles had filed their draft red herring prospectus (DRHP) with Sebi in October and September respectively seeking permission to launch IPOs.
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