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Sterlite Tech ties up with UAE's Du Telecom for optical fibre solutions

The partnership for advanced optical fibre cables will help the company to expand fibre-dense mobile and FTTH networks across the UAE, the Pune-based firm has said

Sterlite Technologies raises Rs 1,000 crore through QIP route

Post the allotment, the paid-up equity share capital of Sterlite Technologies (STL) has increased to Rs 97.5 crore comprising 48.5 crore equity shares.

Sterlite Technologies raises Rs 1,000 crore through QIP; stock falls 3%

HDFC Mutual Fund emerged as the largest investor in the share sale, followed by Nippon Life India AMC, Goldman Sachs, and Bandhan Mutual Fund.

Sterlite Technologies raises Rs 1,000 crore through QIP

The company's board approved the issuance of 8.84 crore equity shares for Rs 113.05 per share, representing a 5 percent discount to the floor price of Rs 119 per share.

HFT Scan: Exide Industries and Indiabulls Real Estate in focus of algo traders

Exide Industries and Indiabulls Real Estate touched a 52-week high.

Sterlite Tech gets board nod to Rs 1,000-cr QIP, sets floor price at Rs 119 a share

Sources also told CNBC-TV18 that the equity dilution pursuant to the institutional share sale (QIP) is likely to be 22% of the overall outstanding equity of the company. Based on the December quarter shareholding pattern, promoter group entities held a 53.99%.

Sterlite Technologies Ltd. engages in the business of connectivity and network solutions. The firm provides integrated 5G ready end-to-end solutions ranging from wired to wireless, design to deployment, connectivity to compute through core capabilities in Optical Interconnect, Virtualised Access Solutions, Network Software and System Integration. The firm partners with global telecom companies, cloud companies, citizen networks and large enterprises to design, build and manage such cloud-native software-defined networks. The company was founded in 1988 and is headquartered in Pune, India.

Volume	3.78M
52-Wk High	179.05
52-Wk Low	109.50

STLTECH.NSE Sterlite Technologies Ltd

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