17-Oct-2026 12:43:22

MAITHANALLAcquisition and merger

MAITHAN ALLOYS : ACQUIRES 0.04% STAKE IN STERLITE TECHNOLOGIES FOR RS 2 CR

• Acquired 228,000 equity shares, representing 0.04% of Sterlite Technologies, through the stock exchange • Total cost of acquisition was ₹19.97 Cr, via cash consideration • Transaction completed on October 16, 2026 • Shares acquired as part of Maithan Alloys' investment portfolio for long-term/short-term investment benefits • Maithan Alloys does not intend to acquire control, directly or indirectly, of Sterlite's management • Sterlite Technologies operates in telecom equipment and accessories; FY26 turnover ₹2,446 Cr, PAT ₹2 Cr, net worth ₹1,526 Cr

Maithan Alloys Limited

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