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The company caters to customers across segments including government and semi-government projects, refineries, fertilizer plants, power sector, pharma among others.

As part of the agreement, the company had issued up to 100 crore equity shares; up to 4.10 lakh or 0.01 secure optionally convertible debentures, and up to 50 crore warrants of Re 1 each.

The agency has also downgraded to Caa3 from earlier Caa2 its rating on the senior unsecured bonds issued by Vedanta Resources and those issued by its arm Vedanta Resources Finance II Plc, and guaranteed by VRL

​​The Federal Reserve last Wednesday said that it may hike rates further and was likely to keep them elevated for a longer time as it battles to bring inflation closer to its 2% annual target.

The offer, which is priced at Rs 133-140 apiece, is completely a fresh equity issue of Rs 1.08 crore shares. Investors can bid for a minimum of 105 shares in one lot and in multiples thereof

Stocks that were in focus include names like Apar Industries which was up nearly 7%, Varun Beverages closed with gains of over 4% and TVS Motor Company rose nearly 1% to hit a fresh all-time high on Tuesday.

The reason for the withdrawal is not known yet. The public sector firm had filed its draft red herring prospectus with Sebi in September last year. The public issue was to be an offer-for-sale where the government will sell up to 3.25 crore shares.

The Dow Jones Industrial Average fell 144.20 points, or 0.42%, at the open to 33,862.68

"For Indigo, one of our very fundamental customer promises is affordable fares, and that is what we keep there. So yes, there will be seasonal fluctuations, like there always are. We also see prices of fuel going up. But at the end of the day, the Indigo customer promise — affordable fares — will remain a very strong pillar of the airline."