SEBI puts Jaipur-based SK Finance's ₹2,200-crore IPO in abeyance

Securities and Exchange Board of India (SEBI) has put on hold the ₹2,200-crore proposed IPO of SK Finance, a Jaipur-based non-bank lender focused on vehicle finance and business loans. Without specifying reasons, SEBI stated that the "issuance of observations (has been) kept in abeyance". SK Finance had submitted its preliminary papers with SEBI in May.