Maithan Alloys buys 0.09% stake in Sterlite Technologies for Rs 38.72 Cr

Ownership Changes View source PDF Explain this filing

MAITHANALL · price

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Price reactionminutes from the announcement price · days from the prior close

-2.3%Reaction day

₹831.40

prior close

₹813.05

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-1.3% vs market

Ferro & Silica Manganese peers, median of 7sector-1.9%-0.5% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.5 pts less than its Ferro & Silica Manganese peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

+0.1

15m

+0.0

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.3-1.0-1.3-1.9-0.5

Next day

-3.9-3.3-0.6-7.1+3.2

-7.6-2.9-4.7-9.8+2.2

-4.6-1.3-3.3-4.5-0.1

-5.0-1.2-3.8-6.0+1.0

-4.7-0.5-4.1-9.8+5.1

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15d

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UpDownMarket · Nifty Microcap 250Sector · Ferro & Silica Manganese peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Maithan Alloys acquired 439,848 equity shares (0.09%) of Sterlite Technologies on 19 Oct 2026 for Rs 38.72 Cr in cash via stock exchange. Sterlite is a telecom equipment maker with FY26 turnover of Rs 2,446 Cr. The acquisition is purely for long or short term investment benefits, not for control. Not a related party transaction, done at arms length. This investment is outside Maithan Alloys main line of business (ferro alloys).

Likely market impact

Indicates deployment of surplus cash into a treasury investment outside core business. Tiny stake signals no strategic intent; minor impact expected.