STL RAISED RS 1500 CR FUNDS FROM QIB @ ₹58.36/SHARE

• STL announced it has allotted 2.57 crore equity shares to qualified institutional buyers, aggregating to INR 1,500 crore. • The QIP saw participation from domestic and global investors including Motilal Oswal, Nomura, HSBC, Bank of India, Oxbow, Think Investments, Bandhan and Manulife. • Proceeds will be utilized to substantially de-leverage the Company's balance sheet and strengthen financial strength.

Sterlite Technologies Limited

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