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Sterlite Power Announces Withdraw of DRHP

Sterlite Power has postponed its plans to go public through an IPO.

SterliteSterlite Power Transmission Limited, which had filed the DRHP in the month of August 2021 informed SEBI about the development and has requested to withdraw the DRHP.

Pratik Agarwal, Managing Director, Sterlite Power,said, “Given the volatility in the current markets and the limited window available under the currently filed DRHP, Sterlite Power has decided to withdraw the DRHP. However, it remains observant of the market and will consider re-filing DRHP in the future. In the meantime, we are in conversation with large private capital institutions to grow the business.”

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Nitisha Dubey

I am a Journalist with a post graduate degree in Journalism & Mass Communication. I love reading non-fiction books, exploring different destinations and varieties of cuisines. Biographies and historical movies are few favourites.

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