Maithan Alloys Acquires 0.05% Stake in Sterlite Technologies for ₹20.08 Cr

Maithan Alloys Ltd has acquired 234,000 equity shares, representing 0.05% of the total shareholding, in Sterlite Technologies Limited for a total cost of ₹20.08 Crore. The acquisition, completed on October 21, 2026, was made through the stock exchange and is considered part of Maithan Alloys' investment portfolio for long-term benefits. The company has stated that it does not intend to acquire control of Sterlite Technologies' management. Sterlite Technologies operates in the telecom equipment and accessories sector, with global manufacturing facilities. The acquisition was conducted at arm's length and did not involve related parties.