Announced Wed, 17 Jun · 18:53 IST
Shareholders approve fund raising via QIP, ECBs, ADRs and GDRs
Board & Shareholder Meetings View source PDF
STLTECH · price
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Price reaction · full curve 14 horizons · vs prior close
+6.5%1-day move
₹615.00
prior close
₹616.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.7-0.1-0.1+6.5+2.4-2.9-4.9-0.3-1.1-12.0-18.7——
Up moveDown movePending
AI summary
Sterlite Technologies shareholders approved a special resolution through postal ballot to raise funds via Qualified Institutional Placement (QIP), External Commercial Borrowings (ECBs), FCCBs, ADRs, GDRs, or convertible preference shares. Of 48.81 crore total shares, 28.89 crore voted (59.19% turnout) with 99.98% in favor. E-voting ran from May 18 to June 16, 2026.
Likely market impact
Company has approval to raise fresh capital, likely via QIP, which may lead to equity dilution for existing shareholders.