Sterlite Technologies Limited has successfully closed its Qualified Institutions Placement (QIP) of equity shares. The placement was approved at an issue price of ₹583.01 per share, representing a 5% discount to the floor price. The company allocated 2,57,28,500 equity shares to eligible Qualified Institutional Buyers (QIBs). The placement document is now available on the company’s investor relations website. This marks a significant step in strengthening the company’s capital base.
Sterlite Technologies Finalizes Equity Placement
Sterlite Technologies Limited announced today, June 30, 2026, the successful closure of its Qualified Institutions Placement (QIP) of equity shares. This placement was conducted under Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and relevant sections of the Companies Act, 2013.
Key Placement Details
The Board of Directors, at a meeting held on June 30, 2026, approved and declared the closure of the Issue. Applications and funds were received from eligible Qualified Institutional Buyers (QIBs). The company 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 Equity Share and was set at a 5% discount to the floor price of ₹613.69 per Equity Share.
Disclosure and Availability
The placement document dated June 30, 2026, has been approved and adopted by the Board. A copy of this document is accessible on the company’s official website at https://stl.tech/investor/. Furthermore, the company has finalized the confirmation of allocation notes to be sent to the eligible QIBs, formally notifying them of their allocated Equity Shares.
Board Meeting Information
The Board meeting commenced at 7:30 p.m. and concluded at 9:15 p.m. on June 30, 2026. This announcement serves as compliance with the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Source: BSE
