Sterlite Technologies has completed the allotment of 4.53 crore warrants to Twin Star Overseas Limited on March 30, 2026, following approvals from its Authorization and Allotment Committee. The transaction represents a significant capital raising initiative through preferential allotment under SEBI regulations.

Warrant Allotment Details

The company's regulatory filing to NSE and BSE provides comprehensive details of the warrant issuance:

Payment Structure and Exercise Terms

The warrant allotment follows a structured payment mechanism with specific exercise conditions:

Shareholding Impact

Upon full conversion of the warrants into equity shares, Twin Star Overseas Limited will hold a 47.75% equity stake in Sterlite Technologies on a fully diluted basis. This substantial shareholding will position the promoter entity as the dominant shareholder with significant influence over corporate governance and strategic decisions.

Regulatory Compliance

The allotment has been executed in accordance with SEBI regulations, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company received requisite in-principle approvals from both BSE Limited and NSE on March 30, 2026. The equity shares resulting from warrant conversion will be listed on both exchanges where the company's existing shares are traded.

Sterlite Technologies has officially announced the launch of India's first Hollow Core Fibre (HCF) cable through a regulatory filing under Regulation 30, marking a significant breakthrough in optical communication technology for AI-ready digital infrastructure.

Revolutionary Hollow Core Technology

The newly launched hollow core fibre cable represents a fundamental advancement in optical communication. Unlike traditional optical fibres that carry light through a solid glass core, STL's innovative Hollow Core Fibre cable guides light through an air-filled core, enabling signals to travel approximately 46% faster and significantly reducing latency and signal loss.

Innovative Hybrid Cable Architecture

Recognising the diverse needs of next-generation networks, STL has engineered a unique Hybrid Cable architecture that combines multiple fibre technologies. This innovative approach integrates Hollow Core Fibre for ultra-low latency and high-power delivery, G.654.E Fibre optimised for ultra-low loss in long-haul transmissions, and G.657.A1 NOVA ensuring versatility and broad network coverage.

The hybrid design addresses the demanding requirements of modern data centres, hyperscalers, and high-frequency transmission networks while providing comprehensive connectivity solutions.

R&D Leadership and Patent Portfolio

As the first company to develop and manufacture HCF technology in India, STL continues to solidify its position as a global deep-tech leader. The company's innovation capabilities are supported by over 780 patents and a dedicated focus on "Glass-to-Terabit" connectivity solutions.

Dr Badri Gomatam, CTO at STL, commented on the breakthrough: "Our R&D focus has always been on solving the most complex challenges of the future. With the launch of Hollow Core Fibre cable, we are providing the 'speed-of-light' infrastructure required for the AI revolution. This is a defining moment that demonstrates our capability to innovate and empower hyperscalers and data centres on a global scale."

Market Impact and Global Reach

This technological advancement underscores STL's commitment to the AI Data Centre market and positions the company at the forefront of next-generation optical communication solutions. With manufacturing facilities across North America, Europe, and Asia, STL delivers connectivity solutions to more than 100 countries, serving data centre and cloud companies, telecom operators, internet service providers, and large enterprises.