India, July 6 -- STL has raised Rs 1,500 crore through a Qualified Institutions Placement (QIP), attracting participation from a mix of domestic and international institutional investors.

The capital raise received investments from institutions including Motilal Oswal Financial Services, Nomura, HSBC, Bank of India, Oxbow, Think Investments, Bandhan Bank and Manulife, among others.

According to the company, the response to the QIP reflects investor confidence in STL's manufacturing capabilities, its vertically integrated "Glass to Terabit" technology platform and the growing demand for optical connectivity products.

Demand for optical fibre infrastructure continues to increase as investments in artificial intelligence (AI) data centres...