Indian Stock Market

Sterlite Energy IPO (SEL IPO) : Sterlite Energy Pre – IPO Placement

Sterlite Energy (SEL), a subsidiary of  Sterlite Industries, is in talks with private equity firms and financial investors to sell around 15% in the largest pre-IPO placement in the country.

Citigroup Global Markets and DSP Merrill Lynch are advising Sterlite Energy on the transaction, which is expected to raise more than $1 billion from a clutch of investors.

Sterlite Energy plans to implement around 10,000 MW of power projects across the country. It is keen on projects where the coal supply is available close to the projects.