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Sterlite Technologies Limited (formerly Sterlite Tech) [7] is an Indian optical and digital technology company, headquartered in Pune. It is listed on Bombay Stock Exchange and National Stock Exchange of India .
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In 2001, Sterlite industries, BPL and Videocon were found guilty by the Securities Exchange Board of India of having colluded with the broker Harshad Mehta and 17 brokers (10 from BSE and 7 from NSE) in a bid to corner shares and rig shares prices. This resulted in a ban on Sterlite from accessing capital markets for 2 years. [59]
NIFTY 500 is India’s first broad-based stock market index of the Indian stock market. [1] It contains top 500 listed companies on the NSE. The NIFTY 500 index represents about 96.1% of free float market capitalization and about 96.5% of the total turnover on the National Stock Exchange ().
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This improved Sterlite's product mix from aluminum to aluminum foil with the largest market share of 65%. [2] In 1999, the company acquired Copper Mines of Tasmania. [3] In February 2011, Sterlite Industries acquired Lisheen Zinc Mine in Ireland from Taurus International S.A., for a share value of approximately $546 million. [4]