Sebi puts IPOs of Go Air, Aditya Birla MF on hold

The Securities and Exchange Board of India (Sebi) has put in abeyance the IPO approval process of no-frills carrier Go Airline (India) Ltd and mutual fund house Aditya Birla Sun Life AMC. The regulator has issued some observations to the merchant bankers of these two issues. Go Airlines plans to raise up to INR 3,600 crore through its proposed IPO, while the Aditya Birla Sun Life AMC IPO will see existing investors sell part of their shareholding through an offer for sale.