NSEQualified Institutional Placement30 Jun 2026 · 30 Jun 2026, 11:57 pm
Qualified Institutional Placement
Sterlite Technologies Limited · STLTECH
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Sterlite Technologies Limited has completed its qualified institutional placement of equity shares, allocating 2,57,28,500 shares at ₹583.01 per share, a 5% discount to the floor price.
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Full Announcement
Sterlite Technologies Limited has informed the Exchange about qualified Institutional Placement - Issue Close
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STLTECH_30062026235727_SE_Intimation-Issue_closing_intimation-_June_30_2026_signed.pdf
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www.stl.tech
June 30, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, 5th Floor, Phirozee Jeejeebhoy Towers,
Plot No. C-1, G Block, Dalal Street,
Bandra Kurla Complex, Bandra (East) Mumbai - 400 001.
Mumbai - 400 051.
Scrip ID - STLTECH Scrip Code - 532374
Sub: Qualified institutions placement of equity shares of face value of ₹2 each (the “Equity
Shares”) by Sterlite Technologies Limited (the “Company”) under the provisions of Chapter
VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”), and Sections
42 and 62(1)(c) of the Companies Act, 2013, including the rules made thereunder, each as
amended (the “Issue”).
Further to our earlier intimation dated June 24, 2026 informing about the Opening of the Issue, we
wish to inform that the Board at its meeting held today i.e. June 30, 2026, inter alia, considered and
approved the following:
a. Approved and declared the closure of the Issue today i.e. June 30, 2026, pursuant to the
receipt of application forms and the funds in the escrow account(s) from the eligible qualified
institutional buyers (the “QIBs”) in accordance with the terms of the Issue;
b. Determined and approved the allocation of 2,57,28,500 Equity Shares at an Issue price of
₹583.01 per Equity Share (including a premium of ₹581.01 per Equity Share), which is at a
discount of 5% to the floor price of ₹613.69 per Equity Share (amounting to ₹ 30.68 per
Equity Share), in accordance with the SEBI ICDR Regulations upon the closure of the Issue,
determined as per the formula prescribed under Regulation 176(1) of the SEBI ICDR
Regulations and further approving the allocation of 2,57,28,500 Equity Shares to be allotted
to the eligible QIBs in the Issue;
c. Approved and adopted the placement document dated June 30, 2026, copy of the same is
being made available on the website of the Company at https://stl.tech/investor/; and
d. Approved and finalised the confirmation of allocation note to be sent to the eligible QIBs,
intimating them of allocation of Equity Shares pursuant to the Issue.
The meeting of the Board commenced at 7.30 p.m. and concluded at 9.15 p.m.
We request you to take the above on record and treat the same as compliance under the applicable
provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended.
Copy of the placement document dated June 30, 2026, is also being made available on the website
of our Company at https://stl.tech/investor/.
Thanking you.
Yours faithfully,
For Sterlite Technologies Limited
Mrunal Asawadekar
Company Secretary & Compliance Officer
Membership No.: A 24346
Sterlite Technologies Limited
Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India.
CIN - L31300PN2000PLC202408