STL has raised Rs 1,500 crore through a Qualified Institutions Placement (QIP), with participation from domestic and global institutional investors.
Key Highlights
- STL has raised Rs 1,500 crore through a Qualified Institutions Placement (QIP) with participation from domestic and global institutional investors.
- The company allotted 2.57 crore equity shares to qualified institutional buyers, taking its paid-up equity share capital to Rs 102.78 crore.
- The QIP proceeds will primarily be used to reduce debt, strengthen STL’s balance sheet and support the company’s next phase of growth.
- The capital raise reflects investor confidence in STL’s vertically integrated “Glass to Terabit” capability and its more than 30…