Sterlite Tech wins UK patent case; Fujikura patent revoked

Court Stay ObtainedRegulatory & Legal View source PDF

STLTECH · price

Loading chart…

▲ 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

-3.8%1-day move

₹578.00

prior close

₹567.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.9-1.0-1.0-1.6-3.8-8.6-4.1-6.4-10.7-6.6-4.0———

Up moveDown movePending

AI summary

Sterlite Technologies won a UK patent dispute against Fujikura. The European Patent Office Technical Board of Appeal revoked Fujikura patent EP3796060 in full in Sterlite's favour. This non-appealable ruling formally ends the UK patent litigation over Sterlite's Celesta cable family. The company is now pursuing recovery of legal defence costs from Fujikura.

Likely market impact

Positive for Sterlite as it removes a legal overhang on its Celesta cable products. Possible cost recovery from Fujikura adds further upside.