IPO: Razorpay receives regulatory approval

The Securities and Exchange Board of India (SEBI) has officially approved the plans for an initial public offering (IPO) for the fintech firm Razorpay. According to reports from Reuters and NewsBytes, the company has received the regulatory green light in India, marking a significant step toward becoming a public entity. In addition, the IPOs of other major companies, including Sembcorp Green Infra and MakeMyTrip India, were also approved. Further details regarding the timing of the offerings or the expected market valuation of the companies have not yet been released.