Anil Agarwal has confirmed that he has not created any encumbrance, directly or indirectly, on his shareholding in Sterlite Technologies Ltd during the financial year 2025-26. The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The confirmation specifies that no new encumbrances have been made against his shares in the target company, other than those already disclosed. The communication was addressed to the stock exchanges and the Audit Committee of Sterlite Technologies Ltd. The disclosure was signed and submitted from London on April 07, 2026.

Sterlite Technologies raised ₹1500 crore through a Qualified Institutions Placement (QIP) on July 02, 2026, by allotting 2.57 crore equity shares to qualified institutional buyers. The capital raise saw participation from reputed domestic and global investors, including Motilal Oswal, Nomura, HSBC, Bank of India, Oxbow, Think Investments, Bandhan, and Manulife. The proceeds will be primarily utilized to substantially de-leverage the company's balance sheet, enhancing financial strength and funding the next phase of growth.

Following the allotment, Sterlite Technologies' paid-up equity share capital stands increased to ₹102.78 crore, comprising 51.39 crore equity shares. The robust response underscores investor confidence in the company's 30+ years of experience and its vertically integrated "Glass to Terabit" capability. The demand is driven by global digital infrastructure buildouts by AI data centers, telecom players, and large-scale government programs.

Ankit Agarwal, Managing Director, Sterlite Technologies, said: "We are thankful to our investors for their continued support. This capital raise reflects the trust our investors place in STL's vision and execution. We will deploy these funds to strengthen our balance sheet, pursue the next phase of our growth journey and accelerate our mission of transforming billions of lives by connecting the world."

QIP Key Details

The key parameters of the QIP are summarised below: