Sterlite Technologies Limited has successfully closed its Qualified Institutions Placement (QIP) of equity shares. The Board approved the closure on June 30, 2026, allocating 2,57,28,500 equity shares at an issue price of ₹583.01 per share. This price represents a 5% discount to the floor price, raising substantial capital for the company. The placement document is now available on the company’s investor relations website.
Sterlite Technologies Completes Equity Placement
Sterlite Technologies Limited has officially announced the successful closure of its Qualified Institutions Placement (QIP) of equity shares. The company’s Board of Directors, in a meeting held on June 30, 2026, approved and declared the closure of the issue. This significant milestone follows the receipt of application forms and funds from eligible qualified institutional buyers (QIBs).
Key Allocation Details
The Board approved the allocation of 2,57,28,500 Equity Shares at an issue price of ₹583.01 per Equity Share. This price includes a premium of ₹581.01 per share and was determined at a 5% discount to the floor price of ₹613.69 per Equity Share. The allocation adheres to the regulations set forth by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Disclosure and Availability of Information
The company has also approved and adopted the placement document dated June 30, 2026. This document is readily accessible on the Sterlite Technologies investor relations website at https://stl.tech/investor/. Furthermore, the Board approved the final confirmation of allocation notes to be dispatched to the eligible QIBs, formally informing them of their allocated equity shares.
The Board meeting commenced at 7:30 p.m. and concluded at 9:15 p.m. on June 30, 2026. Sterlite Technologies Limited is ensuring full compliance with the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Source: BSE
