The Securities and Exchange Board of India has requested that phone manufacturer Lava International Ltd submit a revised version of its draft red herring prospectus.
On September 28, Lava International submitted the necessary paperwork to issue 43.7 million additional shares as an offer-for-sale in order to generate up to 5 billion rupees through a new share issuance.
A corporate spokesman declined to comment on the necessary revisions and the deadline for resubmitting the paperwork.
Navi Mumbai News: NGT Clears Ulwe Balaji Temple Construction But Activists Warn Of Flood Risks
Maharashtra Deputy CM Eknath Shinde Donates Blood In Srinagar To Thank Army For 'Operation Sindoor'
Maharashtra Govt Launches 'Garuda Drishti' To Combat Cybercrime And Online Hate
Maharashtra Christian Community Meets In Mumbai To Chart Legal Action Amid Conversion Allegations
