Sebi puts Vedanta Group's Sterlite Electric IPO on hold

The Securities and Exchange Board of India (Sebi) has kept its observations for the proposed initial public offer of Sterlite Electric in abeyance. The market regulator said in its communication on Monday, though did not specify a reason for this. Sterlite Electric, formerly known as Sterlite Power Transmission, is a specialised capital goods manufacturer in the power transmission and distribution sector. It is majorly-owned by Twin Star Overseas, while Vedanta Ltd held a 1.51% stake in the company as on March 2025.

Sterlite Electric filed its draft papers with Sebi earlier this month, and its public issue will be a combination of an offer-for-sale and fresh issue.