532374

STERLITE TECHNOLOGIES LTD

BSE
Last Traded Price
₹521.10 -11.40 (-2.14%)
Open
₹522.85
High
₹544.00
Low
₹521.00
Prev Close
₹532.50
Industry
Telecommunication
Market Cap
26,779.13 Cr

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Filing History

Recent corporate announcements and filings for 532374

Routine Neutral
2026-07-10 19:26
New Filing detected. See link for details.
Routine Neutral
2026-07-10 17:49
New Filing detected. See link for details.
Ownership Positive
2026-07-08 17:45
- Motilal Oswal Mutual Fund schemes acquired additional shares of Sterlite Technologies Limited on July 1, 2026. - This acquisition, through market transactions, increased their total holding from 4.7534% to 5.7196% (2,79,19,202 shares). - The disclosure is made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011.
Business Update Positive
2026-07-07 18:18
- Sterlite Technologies Limited (STL) received a credit rating upgrade from ICRA. - Long-term instruments rating upgraded from AA- (Stable) to AA (Stable). - Short-term instruments rating reaffirmed at [ICRA]A1+.
Business Update Positive
2026-07-03 19:07
- Update on pending litigation against Fujikura LTD and Fujikura Europe Limited regarding patent EP3796060. - The patent has been revoked in its entirety by the Technical Board of Appeal, effectively ending the UK patent litigation concerning Sterlite's Celesta cable family. - The Company is pursuing the recovery of legal defense costs from Fujikura.
Business Update Positive
2026-07-02 18:58
- Sterlite Technologies Limited (STL) raised INR 1500 Cr through a Qualified Institutions Placement (QIP) on July 02, 2026. - The company allotted 2.57 crore equity shares to qualified institutional buyers. - The funds will be utilized to de-leverage the balance sheet and fund future growth.
Ownership Positive
2026-07-01 11:32
- Sterlite Technologies Limited allotted 2,57,28,500 Equity Shares to Qualified Institutional Buyers (QIBs) at an issue price of ₹583.01 per share. - This Qualified Institutional Placement (QIP) raised ₹1500 Crores, increasing the company's paid-up equity share capital from ₹976.33 Cr to ₹1,027.79 Cr.
Ownership Positive
2026-07-01 00:03
- Sterlite Technologies Limited announced the closure of its Qualified Institutional Placement (QIP) on June 30, 2026. - The company allocated 2,57,28,500 Equity Shares to eligible Qualified Institutional Buyers (QIBs). - The issue price was ₹583.01 per Equity Share, representing a 5% discount to the floor price.
Ownership Positive
2026-07-01 00:01
- Sterlite Technologies Limited closed its Qualified Institutions Placement (QIP) on June 30, 2026. - 2,57,28,500 Equity Shares were allocated at an issue price of ₹583.01 per share. - This issue price includes a premium of ₹581.01 and represents a 5% discount to the floor price of ₹613.69.
Routine Neutral
2026-06-29 14:38
- Trading window closed for Designated Persons and their relatives from July 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2026. - The date of the Board meeting to consider these results will be announced in due course.
Ownership Neutral
2026-06-25 08:44
- Bandhan Mutual Fund, through its schemes, sold 18,15,000 equity shares of Sterlite Technologies Limited on June 04, 2026. - Following this disposal, Bandhan Mutual Fund's holding in Sterlite Technologies Limited decreased from 5.2728% to 3.0252%.
Ownership Negative
2026-06-25 08:40
- Bandhan Mutual Fund, through its schemes, sold 18,15,000 equity shares of Sterlite Technologies Limited on June 04, 2026. - Following the disposal, Bandhan Mutual Fund's holding in Sterlite Technologies Limited decreased from 5.2728% (as on March 07, 2025) to 3.0252%.
Ownership Positive
2026-06-25 00:02
- Sterlite Technologies Limited approved opening of Qualified Institutions Placement (QIP) on June 24, 2026. - Floor price fixed at ₹613.69 per Equity Share, with a potential discount of up to 5%. - Preliminary placement document filed today.
Ownership Positive
2026-06-24 23:57
- Sterlite Technologies Limited approved the opening of its Qualified Institutional Placement (QIP) on June 24, 2026. - The floor price for the QIP is ₹613.69 per equity share, with a potential discount of up to 5%. - The preliminary placement document has been filed with the stock exchanges.
Financials Negative
2026-06-18 20:42
CRITICAL RED FLAG DETECTED
- Sterlite Technologies Limited filed its Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, along with the audit reports. - The auditor's report highlights an 'Emphasis of Matter' regarding ongoing litigation against a US subsidiary, with the possible financial impact not currently determinable. - The auditors noted that backup of certain electronic books of account was not maintained daily on India-located servers. - Deficiencies were identified in the audit trail feature of accounting software, specifically that it's not maintained for modifications by certain users and is absent in one accounting software. - Managerial remuneration of ₹3 crores for the year ended March 31, 2026, is subject to shareholder approval at the ensuing Annual General Meeting.
Governance Positive
2026-06-17 18:46
- Sterlite Technologies Limited announced the voting results of its Postal Ballot, which concluded on June 16, 2026. - Shareholders approved, with requisite majority, the Special Resolution for raising funds through Qualified Institutional Placement (QIP), External Commercial Borrowings (ECBs), Foreign Currency Convertible Bonds (FCCBs), American Depository Receipts (ADRs), Global Depository Receipts (GDRs), or Optionally/Compulsorily Convertible Redeemable Preference Shares (OCPs/CCPs). - The resolution passed with 99.981% votes in favour and 0.019% against.
Governance Positive
2026-06-17 18:40
- Members of Sterlite Technologies Limited approved a special resolution via Postal Ballot for raising funds through Qualified Institutional Placement (QIP), External Commercial Borrowings (ECBs), Foreign Currency Convertible Bonds (FCCBs), American/Global Depository Receipts (ADRs/GDRs), or Optionally/Compulsorily Convertible Redeemable Preference Shares (OCPs/CCPs). - The approval was received on June 16, 2026. - 99.981% of votes cast were in favor of the resolution.
Business Update Positive
2026-06-17 15:12
- CRISIL upgraded credit rating outlook from 'Negative' to 'Stable' for bank facilities and NCDs (AA-/Stable). - Commercial Paper rating A1+ was reaffirmed.

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