Overview

• Sterlite Electric submitted a draft red herring prospectus to SEBI proposing a mix of new shares and an offer for sale by existing holders.
• Business Today reports the draft lists up to 7,793,371 fresh shares and up to 7,795,803 shares in the OFS, while other outlets published conflicting totals.
• NDTV cited 77.9 crore shares for each leg and PTI/News18 reported 77.9 lakh each, leaving the headline share count disputed pending confirmation from the DRHP.
• The company plans to allocate Rs 350 crore to repay borrowings and Rs 225 crore to capital expenditure, with consolidated debt at Rs 3,486 crore as of Sept. 20, 2025.
• Promoter Twin Star Overseas, which holds 69.46% pre-IPO, is the principal seller in the OFS, and Axis Capital, Motilal Oswal and Nuvama are the appointed bookrunners.