The Securities and Exchange Board of India (Sebi) has put Sterlite Electric’s proposed initial public offer (IPO) on hold, withholding its observations without providing a specific reason. This decision was communicated by the market regulator on a Monday. Sterlite Electric, which was formerly known as Sterlite Power Transmission, specializes in manufacturing capital goods for the power transmission and distribution sector. The company had recently filed its draft papers for the public issue, which is designed to include both a fresh issue of shares and an offer-for-sale. Twin Star Overseas is identified as the majority owner of Sterlite Electric, and as of March 2025, Vedanta Ltd held a 1.51% stake in the company.