Sterlite Power on Friday blazoned postponing its Rs1,250 crore – IPO in view of current volatility in the stock request. In August 2021, the company had filed the Draft Red Herring Prospectus (DRHP) with requests controller Sebi. The original Public Offer (IPO) was to be worth Rs1,250 crore. “Sterlite Power,
IPO- bound Sterlite Power Transmission (SPTL) blazoned a perk issue in the rate of 11 when it declared its earnings for the fiscal time 2021- 22. For the financial time ended on March 31, 2022, the power transmission player’s net profit halved to Rs440.14 crore compared to the former time.