Sterlite Power Transmission, led by billionaire Anil Agarwal, has filed draft papers to raise up to Rs 1,250 crore through an initial public offering (IPO).
Sterlite has filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI).
The company has appointed Axis Capital, ICICI Securities, and JM Financial as the book running lead managers for the issue. The shares of the company will be listed on BSE and the NSE.
News Source:- Moneycontrol