Acquisition Details
Target Entity: Sterlite Technologies Limited
Transaction Date: October 22, 2026 at 3:30 PM
Company Awareness Date: October 23, 2026 at 9:52 AM
Number of Shares Acquired: 21,161 equity shares
Percentage of Shareholding: 0.04%
Total Acquisition Cost: ₹17.24 crore
Nature of Consideration: Cash consideration
Completion Status: Acquisition has been completed
Target Company Financial Overview (as of March 31, 2026)
Turnover: ₹2,446 crore
PAT: ₹2 crore
Net Worth: ₹1,526 crore
Transaction Characteristics
Related Party Transaction: No
Promoter/Promoter Group Interest: No
Arm's Length Transaction: Yes
Governmental/Regulatory Approvals Required: None
Business Rationale
The shares were acquired through the stock exchange and form part of Maithan Alloys Limited's investment portfolio with a view to reap long-term/short-term investment benefits. Maithan Alloys Limited does not intend to acquire control, whether directly or indirectly, of the management of Sterlite Technologies Limited.
Target Company Background
Industry: Telecom - Equipment & Accessories
Date of Incorporation: March 24, 2000
Business Operations: Manufacturing and supply of telecom products and providing digital and technology solutions. The company conducts integrated manufacturing operations through 9 manufacturing facilities located in India, Italy, the United States of America, and China, producing optical fibres, optical fibre cables, specialty cables, and optical connectivity products.
Geographic Presence: India
Historical Turnover
FY 2025-2026: ₹2,446 crore
FY 2024-2025: ₹2,215 crore
FY 2023-2024: ₹3,952 crore
Additional Information
Company information was obtained from Sterlite Technologies Limited's website, Annual Report for FY 25-26, and BSE website.