Announced Wed, 5 Aug · 12:21 IST
Maithan Alloys acquires 0.29% stake in Sterlite Technologies for Rs 91.24 Cr
MAITHANALL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹960.55
prior close
₹967.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+0.1——+0.9+1.1+1.8+4.5+3.4+1.0————
Up moveDown movePending
AI summary
Maithan Alloys bought 14,83,256 shares (0.29%) of Sterlite Technologies through stock exchange on 4 Aug 2026 for Rs 91.24 Cr in cash. The stake is treated as a passive investment with no intent to acquire control. Sterlite makes telecom products with FY26 turnover of Rs 2,446 Cr. Deal is at arms length and not a related party transaction.
Likely market impact
Minor investment diversifies portfolio beyond core alloys business but signals no control intent. Negligible impact on financials.