IPO Plans: Sterlite Electric and Runwal Developers File

Two companies, Sterlite Electric and Runwal Developers, are planning to sell shares to the public through Initial Public Offerings (IPOs).

Sterlite Electric, part of the Vedanta Group, aims to raise ₹1,400-₹1,500 crore.

Runwal Developers seeks ₹2,000 crore.

The companies will use the funds to repay debts, finance capital expenditures, and for general corporate activities.

Sterlite Electric manufactures capital goods and is a provider of system integration solutions, focusing on power transmission and distribution.

Runwal Developers is a real estate company.