Announced Thu, 25 Jun · 24:01 IST
Sterlite Technologies opens QIP issue with floor price of Rs 613.69 per share
STLTECH · price
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Price reaction · full curve 14 horizons · vs prior close
+8.4%1-day move
₹585.90
prior close
₹613.35
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+8.4+3.8+0.8-4.2-1.3-5.1-11.9-5.3——
Up moveDown movePending
AI summary
Sterlite Technologies has opened its Qualified Institutions Placement (QIP) for equity shares of face value Rs 2 each. Floor price is Rs 613.69 per share, with a discount of up to 5 percent permitted. Board approved on April 29, 2026, and shareholders approved via postal ballot on June 16, 2026. Relevant date is June 24, 2026. Trading window for insiders closed since May 14, 2026. Final issue price to be decided with book running lead managers.
Likely market impact
QIP may dilute existing shareholders but will raise capital. Up to 5 percent discount is permitted on floor price of Rs 613.69.