IPOs of Swiggy, Hyundai Motor & Vishal Mega Mart approved by SEBI

Markets regulator SEBI has approved the initial public offerings (IPOs) of Swiggy, Hyundai Motor India and Vishal Mega Mart. Hyundai is planning to raise ₹25,000 crore through the public issue, which will be the largest ever in India's history. Meanwhile, Swiggy plans to raise ₹10,000 crore and the retail chain Vishal Mega Mart is expected to launch a $1-billion IPO.