Sterlite Technologies Limited approves QIP of equity shares at floor price ₹613.69
Sterlite Technologies · Telecom - Equipment & Accessories
Key highlights
- Board approved QIP and shareholders passed postal ballot on June 16, 2026; Issue opened June 24, 2026
- Floor price for QIP fixed at ₹613.69 per share based on SEBI ICDR Regulations formula, with up to 5% discount allowed
- Preliminary placement document dated June 24, 2026, filed with BSE and NSE; trading window closed May 14, 2026 to 48 hours post pricing
Why it's rated notable: The filing opens a QIP of equity shares with a floor price of ₹ 613.69 per Equity Share but states no issue size, and the issue price and allotment are still to be determined, so the level stays at medium.
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.