Maithan Alloys buys 0.04% of Sterlite Technologies for ₹17 crore

The acquisition in numbers

A stock exchange purchase reported under the threshold rule

Maithan Alloys bought the Sterlite Technologies shares through the stock exchange on 22 Oct 2026. The filing says the disclosure was made because a threshold limit was triggered, and that the company became aware of the particulars on 23 Oct 2026 at 9:52 AM.

The company paid ₹17.24 crore in cash for 0.04% of the target's shares, and the acquisition has been completed.

What Sterlite Technologies does and its recent turnover

Sterlite Technologies manufactures optical fibres, optical fibre cables and specialty cables, and optical connectivity products. It runs 9 manufacturing facilities in India, Italy, the United States and China, and was incorporated on 24 Mar 2000.

Its turnover was ₹3,952 crore in 2023-24, ₹2,215 crore in 2024-25 and ₹2,446 crore in 2025-26. Blacklitt's data also lists acquisition disclosures by Maithan Alloys on 14 Oct 2026 and 17 Oct 2026.

What the stake means for Maithan Alloys' shareholders

The company says the shares are part of its investment, made with a view to long-term or short-term investment benefits, and that it does not intend to acquire control of the target's management.

The filing gives no price per share beyond the total cost, no value for the holding after the purchase and no plan for further purchases, so the effect on the company's returns is not known. No further dated step is given.

Reference: Original filing (PDF)