Sterlite Electric manufactures and supplies a wide range of overhead conductors, power cables supply and solutions, optical ground wire, and provide master system integration services. (Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Securities and Exchange Board of India has put Sterlite Electric's initial public offering on hold, according to an update on the regulator's website on Monday.

The IPO consists of a fresh issue of 77.9 lakh equity shares of face value of Rs 2 each and an offer for sale by existing shareholders of 77.9 lakh shares.

Twin Star Overseas Ltd. is the promoter offloading stake via the OFS route. It holds 69.46% of the pre-IPO equity capital in Sterlite Electric.

The Mauritius-registered firm is a subsidiary of Vedan

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