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Sterlite Technologies informs about outcome of board meeting

01 Jul 2026 Evaluate

Further to its earlier intimation dated June 24, 2026 informing about the Opening of the Issue, Sterlite Technologies has informed that the Board at its meeting held on June 30, 2026, considered and approved the following: a. Approved and declared the closure of the Issue on 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 pm and concluded at 9.15 pm. Copy of the placement document dated June 30, 2026, is also being made available on the website of the Company at https://stl.tech/investor/.

The above information is a part of company’s filings submitted to BSE.

Sterlite Tech. Share Price

561.35 -29.50 (-4.99%)
02-Jul-2026 11:38 View Price Chart
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