The Securities and Exchange Board of India (Sebi) has placed the proposed Initial Public Offer (IPO) of Sterlite Electric, a company within the Vedanta Group, on hold. Sebi announced its decision to withhold observations regarding the public issue without providing any specific reason for doing so. Sterlite Electric, formerly known as Sterlite Power Transmission, operates as a specialized manufacturer of capital goods for the power transmission and distribution sector. The company had recently filed its draft papers for the public issue, which was designed to be a combination of both a fresh issue of shares and an offer-for-sale. Twin Star Overseas is identified as the major owner of Sterlite Electric, while Vedanta Ltd held a 1.51% stake in the company as of March 2025.