Corporate Action23 Oct 2026, 01:09 pm
Sterlite Tech: Monitoring Agency Report for Preferential Issue
AI Summary
Sterlite Technologies Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, concerning the utilization of proceeds from its Preferential Issue. The report, prepared by CARE Ratings Limited, confirms NIL deviation from the objects of the issue. The preferential issue involved the allotment of 4,53,00,000 convertible warrants to promoter Twin Star Overseas Limited, aggregating to Rs. 498.30 crore. The issue price per warrant is Rs. 110, with 25% upfront payment received.
Key Highlights
- Monitoring Agency Report submitted for preferential issue proceeds.
- No deviation reported in the utilization of funds.
- Issue size Rs. 498.30 crore via convertible warrants.
- Promoter Twin Star Overseas Limited is the allottee.
- Report covers utilization for the quarter ending September 30, 2026.
Price Impact
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