IRCON listing to be delayed after SEBI raises objection: Sources
Railway PSU IRCON, earlier, had filed papers with SEBI for the Red Herring approval process. But the market regulator raised two major objections during the approval process and these are related to its logo and vacancy at director level posts.
The listing process of government-owned and operated railway infrastructure engineering and construction company, IRCON International Limited, formerly Indian Railway Construction Co Ltd, will be delayed. Image source: Reuters