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Sterlite Technologies rises on acquiring Elitecore Technologies for Rs 180 crore

Sterlite Technologies Ltd. | Cable | Capital Goods & Industrial Consumables | BSE: 532374 | NSE: STLTECH

23 Sep 2015 Evaluate

Sterlite Technologies is currently trading at Rs. 81.45, up by 0.85 points or 1.05% from its previous closing of Rs. 80.60 on the BSE.

The scrip opened at Rs. 80.40 and has touched a high and low of Rs. 82.70 and Rs. 80.20 respectively. So far 80,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 109.90 on 04-Aug-2015 and a 52 week low of Rs. 48.45 on 27-Mar-2015.

Last one week high and low of the scrip stood at Rs. 83.95 and Rs. 80.00 respectively. The current market cap of the company is Rs. 3,216.00 crore.

The promoters holding in the company stood at 54.84% while Institutions and Non-Institutions held 13.21% and 31.92% respectively.

Sterlite Technologies has entered into a definitive agreement for the acquisition of Elitecore Technologies, a global telecom software product company. The acquisition is for an overall enterprise value of approximately Rs 180 crore in an all cash deal. This acquisition is in line with Sterlite’s overall strategy of widening telecom portfolio of offerings to its global customers with software solutions for operations support, business support and revenue management.

Sterlite was advised by Cyril Amarchand Mangaldas on legal matters, PwC on financial diligence, EY on taxation matters and KPMG on transaction structuring matters. Carlyle and Elitecore Technologies were advised by NRS Advisors and Systematix Capital on transaction structuring, J Sagar Associates on legal matters and KPMG on taxation matters.

Elitecore is a leading provider of Operations Support Services / Business Support Services and is majority owned by First Carlyle Ventures Mauritius, whose affiliate is advised by The Carlyle Group. Elitecore has a rich product portfolio, robust technology platform, strong customer track record and excellent partnerships.

Sterlite Technologies (STL) develops & delivers solutions for high speed data communication and power transmission networks, globally. STL is among the global leaders in all its business areas through its operations in India, China & Brazil.

Sterlite Technologie Share Price

262.45 6.80 (2.66%)

17-Apr-2026 16:59 View Price Chart

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Sterlite Technologies rises on acquiring Elitecore Technologies for Rs 180 crore

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