Motilal Oswal Mutual Fund schemes increased their stake in Sterlite Technologies to 7.6611% of the voting capital following recent open market purchases.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing, dated August 21, 2026, reports that the mutual fund's various schemes added 47,16,484 shares carrying voting rights to their existing portfolio.

Acquisition Details

The transaction took place on July 19, 2026, through market transactions. Prior to this acquisition, the Motilal Oswal Mutual Fund schemes held 3,90,38,123 shares, representing 7.5965% of the total voting capital. The additional purchase of 3,32,029 shares (as per the specific acquisition line item) contributed to the overall increase in the aggregate holding reported in the disclosure format.

The eight schemes involved in the acquisition include the Motilal Oswal Midcap Fund, Flexi Cap Fund, ELSS Tax Saver Fund, Large and Midcap Fund, Nifty Microcap 250 Index Fund, Active Momentum Fund, Special Opportunities Fund, and BSE 1000 Index Fund.

Shareholding Structure

Sterlite Technologies Limited has a total equity share capital of 51,38,96,135 shares with a face value of ₹2 each. The total diluted share capital stands at 56,17,53,418 shares. The acquirer is not part of the promoter or promoter group.

What the Numbers Show

The incremental stake addition of 0.0647% indicates continued institutional confidence in the telecom infrastructure company. The acquisition across multiple fund categories, ranging from large-cap to micro-cap index funds, suggests broad-based portfolio rebalancing rather than a concentrated bet by a single strategy.

Sterlite Technologies disclosed that the High Court of Andhra Pradesh at Amaravati has partly allowed its writ petition concerning the Kakinada Smart City contract on August 21, 2026. The legal dispute involves the State of Andhra Pradesh and Kakinada Smart City Corporation Limited.

The case relates to the development and implementation of Smart City Solutions in Kakinada. This contract falls under the company's Global Services Business segment.

Demerger Context

Sterlite Technologies demerged its Global Services Business into STL Networks Limited effective March 31, 2025. The National Company Law Tribunal, Mumbai, approved the Scheme of Arrangement via an order dated February 14, 2025.

Consequently, any contingent gain or benefit arising from this court order pertains to STL Networks Limited rather than the parent entity.

Regulatory Disclosures

STL Networks Limited filed the requisite disclosure with the BSE Limited and National Stock Exchange of India Limited on August 20, 2026. This filing complied with SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2 / I / 3762 / 2026 dated January 30, 2026.

Sterlite Technologies made this disclosure pursuant to Regulation 30 read Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.