Sterlite Power files DRHP for Rs 1,250 crore IPO with SEBI
New Delhi: Anil Agarwal-led Sterlite Power Transmission (SPTL) is eyeing to raise money from the primary market. The company has filed a draft red herring prospectus (DRHP) with Securities Exchange Board of India (Sebi).
According to the DRHP filed with the capital market regulator, the IPO will consist entirely of fresh equity shares worth Rs 1,250 crore, with a face value of Rs 2 each. ETmarkets.com has seen the copy of the DRHP.
STPL is promoted by mining magnate Anil Agarwal and Twin Star Overseas. Shares of the company will be listed on BSE and NSE.
