Maithan Alloys Acquires Sterlite Tech Shares for ₹19.97 Cr

Maithan Alloys Ltd has acquired 228,000 equity shares, representing 0.04% of the shareholding, in Sterlite Technologies Limited for a total cost of ₹19.97 Crore. The acquisition occurred on October 16, 2026, through the stock exchange and is considered an investment for long-term/short-term benefits. Maithan Alloys does not intend to acquire control of Sterlite Technologies' management. Sterlite Technologies operates in the Telecom Equipment & Accessories sector, with global manufacturing facilities. The acquisition was conducted at arm's length and did not involve related parties.