Breaking Corporate Events, Analysed in Real Time

Sterlite Technologies Raises ₹1,500 Crore via QIP to Strengthen Capital Base

Sterlite Technologies Limited has successfully concluded a Qualified Institutional Placement (QIP), raising ₹1,500 crore through the allotment of 25.73 million equity shares. The capital infusion increases the company's paid-up equity share capital to ₹1,027.79 crore and is intended to support the firm's balance sheet and growth initiatives in the optical connectivity sector.

Sterlite Technologies Secures Mega ₹10,656 Crore Multi-Year Hyperscaler Order

A subsidiary of Sterlite Technologies (STL) has received a massive Product Award Letter from a global hyperscale partner for a multi-year supply contract. Valued at approximately ₹10,656 Crore ($1.11 billion), the agreement focuses on high-density optical connectivity solutions for AI-ready data center builds through FY29.