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Sebi suspends review of Sterlite Electric IPO, reasons unspecified
Regulator halts review of Sterlite Electric’s IPO pending further observations; issuer and investors face uncertainty.
India’s capital-markets regulator has placed the proposed IPO of Sterlite Electric, part of the Vedanta Group, on hold, stating that observations on the issue are being kept in abeyance. No specific reason was provided. The move introduces uncertainty in the issuance pipeline and may prompt increased caution among issuers and investors about regulatory timing and approval risk in the market.