Sterlite Technologies share price jumps 5% on launch of ₹45,450 crore QIP; sets floor price at ₹613.69

Sterlite Technologies share price jumped 5% to an intraday high of around Rs 613.35 after the company launched a Qualified Institutions Placement (QIP) of equity shares worth Rs 45,450 crore to strengthen its capital base. The floor price has been fixed at Rs 613.69 per share, with a permitted discount of up to 5%, and the issue was approved by the Board on April 29, 2026, and by shareholders via postal ballot on June 16, 2026.