New Delhi, Oct 20 (PTI) Logistics service provider Shadowfax Technologies, Gujarat-based Rayzon Solar, ARCIL, and four other companies have received markets regulator Sebi's approval to raise funds through initial public offerings (IPOs), an update with the market regulator showed on Monday.

PNGS Reva Diamond Jewellery, Sudeep Pharma Ltd, speciality chemicals maker Safex Chemicals (India) Ltd, and infrastructure equipment rental firm Aggcon Equipments International Ltd are the other companies that have secured the regulatory approval.

The seven companies had filed their draft papers with Sebi between June and August this year and obtained the regulator's observations between October 1 and October 17, the update showed.

In regulatory parlance, Sebi's observations are equivalent to cleara

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