Sterlite Technologies raised ₹1,500 Crore through a qualified institutional placement of 25.73 million equity shares at ₹583.01 each. The capital boost increases paid‑up equity to ₹1,027.79 Crore.
Sterlite Technologies launched a Qualified Institutions Placement with a floor price of ₹613.69 per share. The issue is now open for eligible investors.
Sterlite Technologies Limited submitted its Monitoring Agency Report for the quarter ended March 31, 2026. CARE Ratings Limited confirmed that ₹124.58 Crore raised via a preferential issue has been fully utilized for debt repayment and general corporate purposes, with no deviations observed from the stated objects.
Sterlite Technologies Limited confirmed the full and proper utilization of ₹124.58 Crore raised via preferential issue of warrants. The company reported zero deviation from the objects stated in the EGM notice, with funds deployed toward debt repayment and general corporate purposes as of March 31, 2026.
Sterlite Technologies' board approved raising up to ₹2000 Crore through equity or equity-linked instruments. The company reported FY26 revenue of ₹4,745 Crore and EBITDA of ₹628 Crore, driven by strong AI-led data centre demand and a record order intake.