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

Sterlite Technologies Limited has announced the closure of its Qualified Institutional Placement (QIP) issue on June 30, 2026. The company approved the allocation of 2,57,28,500 equity shares at an issue price of ₹583.01 per share. This price represents a 5% discount to the floor price of ₹613.69. The placement document has been approved and will be available on the company's investor website. This move is part of the company's strategy under SEBI ICDR Regulations and the Companies Act, 2013, to raise capital from eligible qualified institutional buyers.