Vedanta Group's Sterlite Electric Applies For IPO - Check Fresh Issue, OFS Details
Published on: Oct. 1, 2025, 8:19 a.m. | Source: NDTV Profit
Vedanta Ltd. subsidiary Sterlite Electric Ltd. has applied for an initial public offering of shares. The IPO consists of a fresh issue of 77.9 crore equity shares of face value of Rs 2 each and an offer for sale by existing shareholders of 77.9 crore shares. Sterlite Electric plans to utilise funds from the IPO fresh issue for repayment of debt (Rs 350 crore), funding capital expenditure (Rs 225 crore) and general corporate purposes.
