Sterlite Technologies Limited has completed a Qualified Institutions Placement (QIP) of equity shares under SEBI ICDR Regulations and Sections 42 and 62(1)(c) of the Companies Act, 2013.
The Authorization and Allotment Committee of the Board approved the allotment at its meeting held on July 01, 2026, which commenced at 11:00 a.m. and concluded at 11:25 a.m.
Key Quantitative Figures
- Total shares allotted: 25,728,500 equity shares of face value ₹2 each
- Issue price: ₹583.01 per equity share (including a premium of ₹581.01 per equity share)
- Discount: 5% of the floor price of ₹613.69 per equity share (₹30.68 discount per share)
- Total issue size: ₹1,500 crores (Rupees One Thousand Five Hundred Crores only)
Capital Structure Impact
- Pre-issue paid-up equity capital: ₹976,335,270 comprising 488,167,635 equity shares
- Post-issue paid-up equity capital: ₹1,027,792,270 comprising 513,896,135 equity shares
- Capital increase: ₹51,457,000
Offering Period
The QIP opened on June 24, 2026 and closed on June 30, 2026.
Major Allottees (Over 5% of Issue)
The following allottees received more than 5% of the equity shares offered:
1. HSBC Mutual Fund cluster (HSBC Small Cap Fund, HSBC Aggressive Hybrid Fund, HSBC Infrastructure Fund, HSBC Business Cycles Fund, HSBC Large Cap Fund) - 3,602,000 shares (14.00% of issue)
2. HSBC Mutual Fund - HSBC Balanced Advantage Fund - 290,918 shares (1.13% of issue)
3. Nomura India Investment Fund Mother Fund - 3,602,000 shares (14.00% of issue)
4. Motilal Oswal Special Opportunities Fund & Motilal Oswal Midcap Fund - 4,716,900 shares (18.33% of issue)
5. Oxbow Master Fund Limited - 4,156,476 shares (16.16% of issue)
6. TIMF Holdings - 3,602,000 shares (14.00% of issue)
7. Bank of India cluster (Mid & Small Cap Equity & Debt Fund, Mid Cap Tax Fund Series 1, Mid Cap Tax Fund Series 2, Small Cap Fund, Flexi Cap Fund, Multi Asset Allocation Fund, Business Cycle Fund, Mid Cap Fund) - 1,715,200 shares (6.67% of issue)