Matrix Cellular Gets Sebi's Go-Ahead to Launch IPO

New Delhi: International SIM card provider Matrix Cellular has received capital markets regulator Sebi's approval to float an initial public offer (IPO). The company provides country specific SIM card, offers voice, data and SMS services under the brand name 'Matrix' to travellers outbound from India. The firm had filed its draft red herring prospectus (DRHP) with Sebi through its lead merchant banker IIFL Holding Ltd on June 26 th...