Bandhan Mutual Fund Sells Shares of Sterlite Technologies; Holding Declines to 3.0252%
Bandhan Mutual Fund (through its schemes) disposed of a substantial portion of its equity in Sterlite Technologies Limited, resulting in a decrease in its holding percentage. The shares were sold on the open market on June 04, 2026.The transaction involved the sale of 18,15,000 equity shares of Sterlite Technologies Limited by Bandhan Mutual Fund (through its schemes). This disposal brought down the fund’s stake in the company following their previous reported holding of 5.2728% as recorded on March 07, 2025.
Following the sale, the ownership percentage held by Bandhan Mutual Fund decreased to 3.0252%. The transaction details, including pre and post-disposal holdings, are detailed below:
| Metric | Before Disposal (Bandhan Mutual Fund) | After Disposal (Bandhan Mutual Fund) |
|---|---|---|
| Holding % | 3.3970% | 3.0252% |
| Shares in Holding | 1,65,82,903 | 1,47,67,903 |
The company’s equity share capital before the sale was reported as Rs. 97,63,35,270/- (Equity shares of face value of Rs. 2/- each). After the transaction, the total diluted share/voting capital of Sterlite Technologies Limited stood at Rs. 1,07,24,31,716/- (Equity shares of face value of Rs. 2/- each).
Details regarding the ownership and financial positions prior to and after the open market sale are summarized in the table below:
| Category | Pre-Disposal Status | Post-Disposal Status |
|---|---|---|
| Acquirer | Bandhan Mutual Fund (through its schemes) | N/A |
| Mode of Sale | Open Market | N/A |
| Total Holding % (Diluted) | 3.0926% | 2.7541% |
| Equity Capital (TC) | Rs. 97,63,35,270/- | Rs. 97,63,35,270/- |
| Total Diluted Capital | Rs. 1,07,24,31,716/- | Rs. 1,07,24,31,716/- |
STLTECH Stock Price Movement
Shares of Sterlite Technologies Limited slipped on Wednesday, shedding ₹22.35 or 3.68% from the previous close and settling at ₹584.15. The stock saw trading volume reach 1.23 million shares as it navigated a tight intraday range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.