Broadband technology firm Sterlite Technologies Ltd (STL) has secured a decisive victory in its European patent dispute with Fujikura Ltd after the European Patent Office (EPO) Technical Board of Appeal revoked Fujikura's European Patent EP 3796060 in its entirety. According to reports from CNBC TV18, PRNewswire, and Moneycontrol, the ruling was issued at a hearing held on June 24, 2026 and is final, binding and non-appealable. The decision resolves the UK patent dispute between Sterlite Technologies and Fujikura in STL's favour, strengthening its position in optical connectivity markets across the UK and Europe. As per CNBC TV18, PRNewswire, and Moneycontrol, this ruling has positive business implications for STL, including strengthening its position in optical connectivity markets and highlighting its global intellectual property capability.
The company's intellectual property portfolio has been developed over decades and is protected by a 785-patent portfolio spanning major global markets. As reported by CNBC TV18, PRNewswire, and Moneycontrol, Sterlite Technologies develops purpose-engineered optical solutions with customers to support AI-led digital infrastructure. Dr Badri Gomatam, Group CTO, stated that this ruling by the EPO's highest appellate body is a powerful affirmation of the strength of their global IP position, the integrity of their R&D and deep technology capability. The company's fully vertically integrated 'Glass to Data Centre' capability ensures unmatched quality control and absolute supply chain resilience for global customers. STL actively co-creates purpose-engineered optical solutions with its customers that power tomorrow's AI-led digital infrastructure.
This month, Sterlite Technologies raised ₹1,500 crore through a qualified institutions placement (QIP) with participation from domestic and global investors. According to CNBC TV18, PRNewswire, and Moneycontrol, the company allotted 2.57 crore equity shares to qualified institutional buyers, taking its paid-up equity share capital to ₹102.78 crore, comprising 51.39 crore equity shares. Investor participation included Motilal Oswal, Nomura, HSBC, Bank of India, Oxbow, Think Investments, Bandhan and Manulife, among others. The proceeds will be primarily used to reduce debt and substantially de-leverage the company's balance sheet, significantly enhancing financial strength while creating a robust platform to fund the next phase of STL's growth.
Shares of Sterlite Technologies Ltd ended at ₹541.80, down by ₹9.45, or 1.71%, on the BSE in the previous trading session. As reported by CNBC TV18, PRNewswire, and Moneycontrol, the stock has gained more than 540 percent from its 52-week low of ₹84.65, although it remains nearly 21 percent below its 52-week high of ₹684.45. The company currently commands a market capitalisation of ₹27,843 crore. Ankit Agarwal, Managing Director, expressed gratitude to investors for their continued support, stating that this capital raise reflects the trust investors place in STL's vision and execution. The ruling strengthens STL's position in optical connectivity markets and demonstrates its ability to vigorously defend its intellectual property positions globally.
