Market regulator Securities and Exchange Board of India (SEBI) has put on hold the proposed initial public offering (IPO) of Sterlite Electric Ltd, part of the Vedanta Group, according to an update on the regulator’s website. SEBI has not disclosed the reason for the decision. Sterlite Electric, formerly known as Sterlite Power Transmission Ltd, had filed its draft red herring prospectus (DRHP) with SEBI on 6 October 2025, to launch the IPO. The proposed issue comprised a fresh issue of 7.79mn (million) shares and an offer for sale (OFS) of similar number of shares, aggregating to a total of about 11.56mn shares. The OFS involved equity sales by promoter Twin Star Overseas Ltd and existing shareholders Jacob John G, Kailash Chandra Maheshwari, and Ramguru Radhakrishnan, as detailed i

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