Sterlite Tech jumps 8% on circuit filter revision post demerger

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26 Aug, 2025 12:21

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Sterlite Technologies shares rallied nearly 8 percent intraday Wednesday on the back of circuit filter revision by exchanges post demerger.

After market hours on June 28, the Bombay Stock Exchange has revised circuit filter on the stock from 5 percent to 20 percent, along with other stocks Himadri Chemicals & Industries (10 percent circuit filter), Urja Global (10 percent), ARSS Infrastructure (10 percent), Hexa Tradex (10 percent), Transcorp International (5 percent) and Sibar Auto Parts (5 percent).

Accordingly, trading in the equity shares of Sterlite has been permitted under B group and transferred from trade for trade segment to rolling segment with effect from today.

The stock had been trading under T (T2T) group since June 15 due to scheme of arrangement between the company and Sterlite Power Transmission.

Sterlite Technologies demerged its power products and transmission grid business together with its business, undertakings into Sterlite Power Transmission. Shareholders of the company received one equity share of Sterlite Power for every five shares held.

At 11:47 hours IST, the scrip of Sterlite Technologies was quoting at Rs 89.10, up Rs 3.80, or 4.45 percent on the Bombay Stock Exchange.Posted by Sunil Shankar Matkar