Sterlite Technologies inches up on getting nod to raise fund through QIP
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Sterlite Technologies is currently trading at Rs. 141.40, up by 0.15 points or 0.11 % from its previous closing of Rs. 141.25 on the BSE.
The scrip opened at Rs. 141.00 and has touched a high and low of Rs. 143.90 and Rs. 138.10 respectively. So far 453346 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 179.00 on 11-Sep-2023 and a 52 week low of Rs. 110.00 on 27-Mar-2024.
Last one week high and low of the scrip stood at Rs. 146.40 and Rs. 125.65 respectively. The current market cap of the company is Rs. 5645.50 crore.
The promoters holding in the company stood at 53.99%, while Institutions and Non-Institutions held 6.70% and 39.31% respectively.
Sterlite Technologies has received approval from authorisation and allotment committee of the Board to raise fund through Qualified Institutional Placement (QIP). Its board has approved the floor price for the Issue, being Rs 119.00 per Equity Share. Additionally, the company has authorized the opening of the issue on April 8, 2024.
Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.
