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India regulator halts IPO of Sterlite Electric amid listing wave
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SEBI halts Sterlite Electric’s IPO ahead of listing, citing unspecified reasons in a busy Indian primary-market phase.
India’s markets regulator Securities and Exchange Board of India (SEBI) has temporarily suspended the IPO of Sterlite Electric, part of the Vedanta Group, which had filed for a fresh issue of 7.8 million shares and a matching offer-for-sale. SEBI did not provide details on the reason for the delay. The decision comes as India’s IPO market remains hot, with over 240 large- and mid-sized listings raising more than US $10.5 billion in the first nine months of 2025 and expectations of up to US $8 billion more this quarter.