Budget hospitality chain FabHotels has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The Bengaluru-based company joins the list of firms such as Leap India, Turtlemint, Molbio, and Infra.Market that have received the regulator’s green light for their IPOs.
According to SEBI’s latest update, Travelstack Tech has secured the regulator’s observation letter, allowing the company to proceed with its proposed public issue. The Goldman Sachs-backed company had filed its…

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