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Sterlite Technologies Limited

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STLTECHTelecom - Equipment & AccessoriesMarket Cap₹42K Cr
HDFC Mutual Fund
HDFC Mutual Fund
Mutual Fund
The move

HDFC Mutual Fund, which previously held a 2.05 percent stake in Sterlite Technologies Limited, is no longer listed among the company's disclosed shareholders, indicating either a complete exit or a reduction of its holding to below the 1 percent disclosure threshold.

About Sterlite Technologies Limited
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A manufacturer of optical fiber and optical fiber cables serving India's telecom and power transmission sectors. Established in 2001 through a demerger of the telecom division from Sterlite Industries, the company expanded into power transmission cables in 2006. It operates as the largest optical fiber cable manufacturer domestically and maintains a substantial presence in overseas markets, supplying critical infrastructure for telecommunications and energy networks.

About HDFC Mutual Fund
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One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.

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Sterlite Technologies Limited
More moves in Sterlite Technologies Limited
Motilal Oswal Mutual FundIncreased
Motilal Oswal Mutual Fund increased its stake in Sterlite Technologies from 7.60% to 7.66% by purchasing 3,32,029 shares via market transactions.
19 Jul 2026
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Motilal Oswal Mutual FundIncreased
Motilal Oswal Mutual Fund increased its stake in Sterlite Technologies from 7.60% to 7.66% by purchasing 3,32,029 shares via market transactions.
22 Aug 2026
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Bandhan Mutual FundDecreased
Bandhan Mutual Fund reduced its stake in Sterlite Technologies Limited from 4.97% to 2.80% by selling 98,99,329 shares. The value of the remaining shares is ₹748.16 Cr at ₹520.40 apiece.
19 Jul 2026
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LICExited
LIC has departed Sterlite Technologies Limited's disclosed shareholder list after its last reported 1.17 percent stake, indicating either a complete exit or a reduction below the 1 percent disclosure threshold.
19 Jul 2026
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BNP ParibasIncreased
BNP Paribas increased its stake in Sterlite Technologies from 1.33% to 1.77%, raising its shareholding from 6,481,669 to 9,119,285 shares. The value of the additional 2,637,616 shares is approximately ₹146 crore, based on the current share price of ₹554.35.
11 Jul 2026
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HEG7 Sept 2026
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UTI Asset Management Company LimitedIncreased
HDFC Mutual Fund bought 5,02,179 shares of UTI Asset Management Company Limited through the open market on September 01, 2026. This purchase raised its stake from 4.89% to 5.28%, crossing the 5% disclosure threshold.
UTIAMC1 Sept 2026
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Hexaware Technologies LimitedIncreased
HDFC Mutual Fund bought 14,06,254 shares of Hexaware Technologies on the open market. This raised its stake from 4.98% to 5.21%, crossing the 5% disclosure threshold.
HEXT26 Aug 2026
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Teamlease Services LimitedDecreased
HDFC Mutual Fund decreased its stake in Teamlease Services Limited by selling 43,396 shares, reducing its holding from 450,000 shares (2.68%) to 406,604 shares (2.66%). The shares were valued at approximately ₹5.42 crore based on the share price of ₹1248.80.
TEAMLEASE27 Aug 2026
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