Vedanta Shares: Vedanta Group’s plans to list its subsidiaries on the stock market have suffered a setback. Market regulator SEBI has not approved the initial public offer (IPO) of Vedanta Group’s subsidiary Sterlite Electric and put it on hold. According to the update released on SEBI website on Monday, this public listing has currently been put “on hold”.
This unit of Vedanta Group had filed draft papers (DRHP) for its IPO with SEBI in early October. The company planned to issue 7.8 million (about 77.93 lakh) new shares. Apart from this, offer-for-sale (OFS) will also be brought from the same number of existing shareholders.
However, now SEBI has put this proposal on hold, and the reasons have not been disclosed. According to a Reuters report, Vedanta Group has not made any official comment on SEBI’s decision.
Boom in IPO market
Despite this decision, India’s IPO market remains extremely active at the moment. According to a data, in the first nine months of the year 2025, more than 240 large and mid-sized companies of the country have raised capital of more than $ 10.5 billion (about Rs 87,000 crore).
With this performance, India has become the third largest market in the world in terms of fund raising through IPO. At the same time, between October and December 2025, it is expected to raise new capital worth up to $8 billion from the Indian stock market.
In case of Sterlite Electric
Sterlite Electric was formerly known as Sterline Power Transmission. It is one of the major companies of Vedanta Group. This company works in electric transmission, smart grid solutions and infrastructure development. Its IPO was considered an important step for Vedanta towards strengthening its business and reducing debt.
the way forward
At present, SEBI has not given the green signal to the IPO of Sterlite Electric. This means that unless SEBI gives approval, the company cannot proceed with the listing process in the stock market. Market experts believe that there could be some technical reason behind this decision of SEBI related to documentation, corporate structure or regulatory clearance. However, if the company makes necessary improvements, it may get SEBI approval again in the coming months.
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