Sterlite Power postpones IPO plans due to market volatility

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,