Motilal Oswal Mutual Funds Enhance Holding in Sterlite Technologies Limited through Market Transactions
Motilal Oswal Asset Management Company Limited reported an increase in its stake in Sterlite Technologies Limited across several of its mutual fund schemes. The acquisition was conducted via market transactions, moving the combined holding percentage from 4.7534% to 5.7196%.The Motilal Oswal Mutual Fund expanded its ownership in Sterlite Technologies Limited through this purchase. The funds involved in the increased stake include the Motilal Oswal Midcap Fund, Motilal Oswal Flexi Cap Fund, Motilal Oswal ELSS Tax Saver Fund, Motilal Oswal Large and Midcap Fund, Motilal Oswal Nifty Microcap 250 Index Fund, Motilal Oswal Active Momentum Fund, and Motilal Oswal Special Opportunities Fund.
The acquisition details show a direct increase in voting rights carried by the funds. Before the acquisition, the schemes held 2,32,02,718 shares carrying voting rights, representing 4.7534% of the total share or voting capital. The funds acquired an additional 47,16,484 shares, which accounted for 0.9662% of the diluted share/voting capital at the time of acquisition.
Following the transaction, the combined holding of Motilal Oswal Mutual Funds increased to 2,79,19,202 shares carrying voting rights, equating to 5.7196% of the total share or voting capital.
The following table outlines the details of the acquisition and post-acquisition holdings:
| Metric | Before Acquisition Holding | Acquired Amount | After Acquisition Holding |
|---|---|---|---|
| Shares Carrying Voting Rights (Motilal Oswal Schemes) | 2,32,02,718 (4.7534%) | 47,16,484 (0.9662%) | 2,79,19,202 (5.7196%) |
| Total Share/Voting Capital of Target Company | 48,81,32,538 (Face value Rs. 2 each) | N/A | 48,81,32,538 (Face value Rs. 2 each) |
The mode of disposal for these shares was through Market Transactions.
STLTECH Stock Price Movement
Shares of Sterlite Technologies Limited settled down today after slipping by 4.99% to close at ₹528.15. The stock registered a total traded volume of 2.34 million shares in the post-market session, trading within its daily range which included lows touching ₹528.15.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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