Maithan Alloys Acquires Sterlite Tech Shares Worth ₹38.72 Cr

Maithan Alloys Ltd has acquired 439,848 equity shares, representing 0.09% of the shareholding, in Sterlite Technologies Limited for a total cost of ₹38.72 Crore on October 19, 2026. This acquisition was made through the stock exchange as part of Maithan Alloys' investment strategy to gain long-term and short-term investment benefits. The company clarified that it does not intend to acquire control over the management of Sterlite Technologies. The acquisition is considered an arm's length transaction and does not involve related parties. Sterlite Technologies operates in the Telecom - Equipment & Accessories industry, with a turnover of ₹2446 Crore as of March 31, 2026.