Sterlite Tech Closes QIP, Allots 2.57 Cr Shares at ₹583.01

Sterlite Technologies Limited announced the closure of its Qualified Institutions Placement (QIP) on June 30, 2026. The board approved the allocation of 2,57,28,500 Equity Shares at an issue price of ₹583.01 per share, which includes a premium of ₹581.01. This price represents a 5% discount to the floor price of ₹613.69. The company also approved the placement document and the confirmation of allocation notes to be sent to eligible Qualified Institutional Buyers (QIBs). The meeting commenced at 7:30 p.m. and concluded at 9:15 p.m.