Sterlite Technologies Limited ( (IN:STLTECH) ) has issued an announcement.
Sterlite Technologies Limited has completed the demerger of its Global Services Business, transitioning it to STL Networks under the brand name ‘Invenia.’ This strategic move aims to create two specialized entities, STL and STL Networks, each with enhanced agility and focus on their respective markets. The demerger is expected to drive profitability, operational efficiency, and provide compelling investment opportunities. STL Networks, with its expertise in large-scale deployments, will continue to strengthen its portfolio in the global digital infrastructure and services space, while STL will focus on pioneering optical solutions.
More about Sterlite Technologies Limited
Sterlite Technologies Limited (STL) is a leading company in the optical and digital solutions industry, known for its innovation in Optical Networking, Optical Connectivity, Data Centres, and Enterprise solutions. With over 10 global manufacturing plants and a customer base in more than 100 countries, STL is a trailblazer in engineering state-of-the-art products like Optical Fibre and Fibre Cable to power connected ecosystems.
YTD Price Performance: -30.12%
Average Trading Volume: 534,327
Current Market Cap: 39.5B INR
For detailed information about STLTECH stock, go to TipRanks’ Stock Analysis page.