New Delhi, Oct. 2 -- The primary market is set for another round of activity, with four companies, including Danish brewing major Carlsberg's India unit, receiving regulatory observations from the Securities and Exchange Board of India (Sebi) for their proposed initial public offerings (IPOs).

Carlsberg India Ltd, TMC Transformers (India) Ltd, Ujin Pharma Ltd and Matangi Rubber Ltd received Sebi's observations between 28 September and 1 October, according to the regulator's latest update. The companies had submitted their draft offer documents between May and July.

Carlsberg India's Sebi clearance marks a key milestone for the Indian subsidiary of Danish brewing giant Carlsberg Group as it prepares to tap the domestic equity markets.

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