Sterlite Technologies closes qualified institutions placement issuing 2.57 crore shares
Sterlite Technologies · Telecom - Equipment & Accessories
Key highlights
- Board approved closure of QIP on June 30, 2026, after receipt of applications and funds
- Allocated 2,57,28,500 equity shares at ₹583.01 each, a 5% discount to floor price of ₹613.69
- Placement document dated June 30, 2026, made available on company website for investors
Why it's rated notable: A QIP of 2,57,28,500 shares at ₹583.01 per share has closed and its allocation is approved, but the filing states no total rupee amount, so the level stays at medium.
Figures checked against the filing by a second AI read. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Meeting Updates
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Sterlite Technologies
- Order winMajor developmentSterlite Technologies Limited approves unaudited Q2 and H1 FY27 results on October 23, 2026
- Order winNotableSterlite Technologies Ltd's subsidiary secures $1.2 billion optical product supply contract
- Capex / expansionNotableSterlite Technologies Limited announces transcript of Investor/Analyst Meet held on Sept 3, 2026
- Capex / expansionNotableSterlite Technologies approves ₹3,000 crore capacity addition by FY29
- Order winNotableSterlite Technologies signs USD 288M long-term supply contract with leading hyperscaler
Other fundraise / allotment filings this fortnight
- IIFL Finance Limited announces preferential issue of shares and amendments on Nov 10, 2026
- IIFL Finance to raise ₹6,414 crore in primary equity infusion led by Blackstone
- Bajaj Finserv subscribes to 5,74,25,740 Bajaj Finance warrants at ₹1,010 each
- Supreme Engineering allots 14,50,00,000 warrants at ₹2.60 on preferential basis
- Bajaj Finance Limited allots 5.74 crore warrants to Bajaj Finserv on 10 Nov 2026
- Bajaj Finance approves preferential issue of 5.74 crore warrants to Bajaj Finserv
Potential multibaggers · Q2 FY27
Potential multibaggers in Telecom - Equipment & Accessories
on management's own guidance
- Tejas NetworksGood growth2
- 1
- Frog InnovationsGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.