Motilal Oswal Mutual Fund increases stake in Sterlite Technologies to 5.72%
Motilal Oswal Mutual Fund schemes acquired 47.16 lakh shares of Sterlite Technologies Limited on July 1, 2026, via market transactions. This acquisition increased the fund's total holding to 2,79,19,202 shares, representing 5.7196% of the company's paid-up voting capital. The disclosure was made to BSE and NSE under SEBI takeover regulations.
*this image is generated using AI for illustrative purposes only.
Schemes managed by Motilal Oswal Asset Management Company Limited have increased their shareholding in Sterlite Technologies Limited to 5.7196% through a market acquisition on July 1, 2026. The disclosure was filed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, following the purchase of 47,16,484 shares. This transaction raised the fund's total voting rights in the company from 4.7534% to 5.7196%.
The acquisition involved multiple schemes of Motilal Oswal Mutual Fund, including the Motilal Oswal Midcap Fund, Motilal Oswal Flexi Cap Fund, and Motilal Oswal ELSS Tax Saver Fund. Other participating schemes included the Motilal Oswal Large and Midcap Fund, Motilal Oswal Nifty Microcap 250 Index Fund, Motilal Oswal Active Momentum Fund, Motilal Oswal Special Opportunities Fund, and Motilal Oswal BSE 1000 Index Fund. The acquirer clarified that it does not belong to the promoter or promoter group of the target company.
Shareholding Details
The filing details the movement in shareholding prior to and following the transaction. The total equity share capital of Sterlite Technologies Limited remained unchanged at 48,81,32,538 shares with a face value of ₹2 each.
| Metric | Number of Shares | % of Total Share Capital |
|---|---|---|
| Holding Before Acquisition | ||
| Shares carrying voting rights | 2,32,02,718 | 4.7534% |
| Acquisition | ||
| Shares acquired | 47,16,484 | 0.9662% |
| Holding After Acquisition | ||
| Shares carrying voting rights | 2,79,19,202 | 5.7196% |
The shares of Sterlite Technologies Limited are listed on BSE Limited and National Stock Exchange of India Limited. The disclosure was submitted by Aparna Karmase, Head – Compliance, Legal & Secretarial, on behalf of Motilal Oswal Asset Management Company Limited.
Historical Stock Returns for Sterlite Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.04% | -3.47% | -11.41% | +478.02% | +390.16% | +89.81% |
Does this acquisition signal a revised bullish outlook on the optical communications sector by Motilal Oswal AMC?
Could this increased stake trigger a re-rating of Sterlite Technologies given the institutional confidence?
Is Motilal Oswal AMC likely to continue increasing its position to cross the 10% threshold in the future?
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