STL Networks Clarifies Preferential Issue Fund Utilization and Investment Strategy
STL Networks Limited provided an update regarding the utilization of funds generated from its Preferential Issue. This clarification follows a previous communication dated May 29, 2026, addressing requirements related to the issue proceeds.The company specified that until the funds are completely utilized for the objects outlined in the Postal Ballot Notice issued on April 18, 2026, all remaining investment proceeds will be allocated to specific permitted instruments.
To manage these excess funds, STL Networks Limited stated it will invest the proceeds in money market mutual funds and Fixed Deposits through Schedule Commercial Banks.
STLNETWORK Stock Price Movement
As of 2:50 PM, shares of STL Networks Limited are slipping by 0.17% in live trading, currently at ₹29.70. Traded volume stands at 1.46 million shares during the session as the stock trades within a specific price band.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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