Sterlite Technologies raises Rs 1,000 crore through QIP route
The company approved the issue and allotment of 8.84 crore equity shares to qualified institutional investors, including HDFC Mutual Fund, Nippon Life India, Goldman Sachs, and Bandhan Mutual Fund, aggregating to Rs 1,000 crore.
STL has raised INR 1,000 crore through a Qualified Institutional Placement (QIP) route.