22-Oct-2026 18:40:59
MAITHANALLAcquisition and merger
MAITHAN ALLOYS : ACQUIRES 0.05% STAKE IN STERLITE TECHNOLOGIES FOR RS 20.08 CR
• Acquired 234,000 equity shares (0.05% shareholding) of Sterlite Technologies through the stock exchange on 21 October 2026 • Total cost of acquisition ₹20.08 Cr, cash consideration • Shares acquired as part of Maithan Alloys' investment portfolio to reap long-term/short-term investment benefits • Company does not intend to acquire control, directly or indirectly, of the target's management • Not a related party transaction; promoter/promoter group has no interest in the acquired entity; done at arm's length • Sterlite Technologies makes optical fibre, cables and connectivity products with 9 plants across India, Italy, USA and China; FY26 turnover ₹2,446 Cr, net worth ₹1,526 Cr
Maithan Alloys Limited
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