Markets regulator SEBI has put JSW Cement's proposed ₹4,000 crore initial public offering (IPO) on hold. In an update on its website, SEBI said the "issuance of observations (has been) kept in abeyance". As per the draft papers filed by the company, the proposed IPO includes a fresh issue of ₹2,000 crore and offer-for-sale of ₹2,000 crore by existing shareholders.