Event Details

  • Event Type: Acquisition of equity shares of a listed entity (Sterlite Technologies Limited) through Stock Exchange
  • Trigger: Threshold limit under Regulation 30 of SEBI (LODR), 2015 was triggered
  • Event Occurrence Date: 21st October, 2026 at 3:30 P.M.
  • Company Awareness Date: 22nd October, 2026 at 10:03 A.M.

Target Entity Information

  • Name: Sterlite Technologies Limited
  • Industry: Telecom - Equipment & Accessories
  • Date of Incorporation: March 24, 2000
  • Country of Presence: India
  • Business Description: Manufacturing and supply of telecom products and providing digital and technology solutions. Conducts integrated manufacturing operations through 9 manufacturing facilities located in India, Italy, the United States of America and China producing: (a) optical fibres (b) optical fibre cables and specialty cables and (c) optical connectivity products.

Financial Information of Target Entity (as at 31.03.2026)

  • Turnover: ₹2,446 Crore
  • PAT: ₹2 Crore
  • Networth: ₹1,526 Crore

Historical Turnover of Target Entity

  • 2025-2026: ₹2,446 Crore
  • 2024-2025: ₹2,215 Crore
  • 2023-2024: ₹3,952 Crore

Acquisition Details

  • Acquisition Date: 21st October, 2026
  • Number of Shares Acquired: 234,000 shares
  • Percentage of Shareholding: 0.05%
  • Total Cost of Acquisition: ₹20.08 Crore
  • Consideration Type: Cash Consideration
  • Completion Status: Acquisition has been completed

Transaction Characteristics

  • Related Party Transaction: No
  • Promoter/Promoter Group Interest: No
  • Arm's Length Transaction: Yes
  • Government/Regulatory Approvals Required: No

Purpose and Impact

The shares were acquired through the stock exchange and form part of the investment of Maithan Alloys Limited with a view to reap the long-term/short-term investment benefits. Maithan Alloys Limited does not intend to acquire control, whether directly or indirectly, of the management of the Target Entity.

Source of Information

The information relating to the Target Entity has been obtained from its website and Annual Report for FY 25-26 and BSE website.