Cyril Amarchand Mangaldas, AZB & Parnters, Hogan Lovells act on Sterlite Technologies ₹1,500 crore QIP

Sterlite Technologies Limited has raised ₹1,500 crore from a Qualified Institutions Placement of equity shares.

Cyril Amarchand Mangaldas advised Sterlite Tech on this QIP.

The transaction was led by Gokul Rajan (Partner, Regional Co-head – Capital Markets - North) and Amitpal Singh (Partner), with support from Aditya Singh (Senior Associate) and Associates Jayadeep Manchikalapudi, Prakhar Jain, Harshita Pareek and Naman Kulshrestha.

AZB & Partners advised the book running lead managers Nuvama Wealth Management, J.P. Morgan India and Nomura Financial Advisory and Securities (India) on this QIP.

Hogan Lovells acted as the international legal counsel for the BRLMs.

The transaction was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner), with support from Kaustubh George (Counsel), Ajo Jomy (Senior Associate) and Aditya Rajput (Senior Associate).

Sterlite Technologies Limited (STL) is an Indian optical and digital technology company headquartered in Pune. STL designs, manufactures, and offers advanced optical and digital solutions to support technologies like 5G.

The funds raised through the QIP are intended to be used for repaying and/or prepaying certain existing borrowings of the Company and some of its subsidiaries, as well as for general corporate purposes.

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