Sterlite Technologies Ltd Share Price (STLTECH)

Sterlite Technologies Raises Rs 1,000 Crore Through QIP - 16 Apr, 2024

Sterlite Technologies has raised Rs 1,000 crore through a qualified institutional placement (QIP) route. The company sold 22 percent equity stake via the institutional share sale to reputed global and Indian investors, including HDFC Mutual Fund, Nippon Life India, Goldman Sachs and Bandhan Mutual Fund.

Sterlite Raises Rs 1,000 Crore Through QIP Issue - 15 Apr, 2024

Sterlite Technologies has raised Rs 1,000 crore through a qualified institution placement (QIP) issue by issuing 8.84 crore equity shares to eligible qualified institutional buyers. HDFC Mutual Fund emerged as the largest investor in the share sale. The company has not disclosed the reason for the fund raise. The stock fell nearly 3.4 percent at open on the NSE on April 15 after the announcement.

Sterlite Technologies Raises Rs 1,000 Crore Through QIP - 14 Apr, 2024

Sterlite Technologies has raised Rs 1,000 crore through its Qualified Institutional Placement (QIP) at an issue price of Rs 113.05 per share, which is a 5% discount to the floor price of Rs 119. HDFC MF, Goldman Sachs, Societe Generale, and Nippon India were among those who issued shares in the QIP.

Sterlite Tech Raises Rs 1,000 Crore Through Share Sale - 13 Apr, 2024

Sterlite Technologies has raised Rs 1,000 crore through a share sale to institutional investors at a discount of 5%. HDFC Mutual Fund emerged as the largest investor in the share sale. The company has not disclosed the specific utilization of funds raised.

Sterlite Technologies Plans Rs 1,000 Crore Fundraise Through QIP - 10 Apr, 2024

Sterlite Technologies is set to raise Rs 1,000 crore through a Qualified Institutional Placement (QIP) issue with a floor price of Rs 119 per equity share. The company's stock rose by 10.96% on the BSE.

Sterlite Technologies Launches QIP to Raise Funds - 09 Apr, 2024

Sterlite Technologies is set to raise up to Rs. 1,000 crore through its Qualified Institutional Placement (QIP) at a floor price of Rs. 119 per share. The equity dilution under the institutional share sale is expected to be 22%. Motilal Oswal and Nuvama are the book running lead managers for the QIP.

Sterlite Technologies Bags Orders Worth Rs 900 Crore - 02 Apr, 2024

Sterlite Technologies has been awarded orders worth Rs 900 crore in FY24 to provide integrated optical solutions to leading service providers, supporting connectivity needs of more than 20 states spanning approximately 15,000 kilometers of optical fibre-based digital infrastructure.

Sterlite Tech Surges After Partnership Announcement - 01 Apr, 2024

Sterlite Technologies Ltd's shares surged over 12% after the company announced a new multi-year partnership with Vocus Group to deploy high-capacity networks in Australia using its ultra-slim profile Micro TM cables and Stellar TM fibre. The stock gained 11.06% to trade at Rs.123.05, with an increased volume of 103.94 lakh shares on NSE.

Sterlite Technologies Records Surge in Volume - 27 Mar, 2024

Sterlite Technologies Ltd recorded a significant increase in trading volume, with 13.48 lakh shares traded on the Bombay Stock Exchange, representing a 3.5 times surge over the two-week average daily volume of 3.85 lakh shares.