Bandhan Mutual Fund Sells Shares of Sterlite Technologies in Open Market; Stake Reduces to 3.0252%
Bandhan Mutual Fund has disposed of equity shares of Sterlite Technologies Ltd through the open market, reducing its holding stake in the company. The sale transaction took place on June 04, 2026.The mutual fund sold a total of 18,15,000 equity shares of Sterlite Technologies Limited during the Open Market transaction. This disposal resulted in a decrease in Bandhan Mutual Fund's stake in the company.
Prior to the sale, the holding of Bandhan Mutual Fund stood at 3.3970%. Following the disposition of the shares, the mutual fund's shareholding decreased to 3.0252% of Sterlite Technologies Ltd.
Details regarding the acquisition and disposal are summarized below:
| Detail | Before Disposal | Transaction Details | After Disposal |
|---|---|---|---|
| Holding Percentage | 3.3970% (w.r.t. total share/voting capital) | N/A | 3.0252% (w.r.t. total diluted share/voting capital) |
| Shares Sold | N/A | 18,15,000 shares | N/A |
| Mode of Sale | N/A | Open Market | N/A |
The transaction details include the following financial metrics:
- Equity Share Capital Before Disposal: The total equity share capital of Sterlite Technologies Ltd was Rs. 97,63,35,270/- (Equity shares of face value of Rs. 2/- each).
- Total Diluted Share/Voting Capital After Disposal: Following the sale, the diluted share/voting capital of the company reached Rs. 1,07,24,31,716/- (Equity shares of face value of Rs. 2/- each).
Bandhan Mutual Fund reported the disposal of these equity shares through the open market on June 04, 2026.
STLTECH Stock Price Movement
Shares of Sterlite Technologies Limited slipped on Wednesday, shedding 3.68% and closing at ₹584.15. The stock saw substantial activity as over 1.23 million shares traded during the session.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.
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