Investment1 Jul 2026, 11:31 am
Sterlite Technologies Allots Shares Worth ₹1500 Cr via QIP
AI Summary
Sterlite Technologies Limited has successfully completed a Qualified Institutions Placement (QIP), allotting 2,57,28,500 equity shares at an issue price of ₹583.01 per share. This issuance, which opened on June 24, 2026, and closed on June 30, 2026, aggregates to ₹1500 Crores. The allotment includes a discount of 5% on the floor price of ₹613.69. Following this, the company's paid-up equity share capital has increased to ₹1,027,792,270, comprising 513,896,135 equity shares. The filing also details major allottees who received more than 5% of the shares offered.
Key Highlights
- Sterlite Technologies raised ₹1500 Crores through a QIP.
- 2,57,28,500 equity shares were allotted at ₹583.01 each.
- The QIP was priced at a 5% discount to the floor price.
- Company's equity share capital increased significantly.
- Key institutional investors have been identified as allottees.
Price Impact
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