Mumbai, Oct. 29 -- The Securities and Exchange Board of India (SEBI) has officially announced that it has placed Vedanta Group company Sterlite Electric's proposed initial public offering (IPO) on hold.
SEBI has kept the company's IPO observations ''in abeyance'', without specifying any reason for its decision, according to an update on the SEBI's official website.
The company had filed its draft red herring prospectus (DRHP) with SEBI earlier in October 2025. The IPO comprises a fresh issue of up to 77.93 lakh equity shares and an offer for sale of up to 77.96 lakh shares, aggregating to a total of 1.56 crore equity shares.
Sterlite Electric, which operates in the power transmission and distribution segment, manufactures and supplies a ...