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Sterlite Technologies jumps on signing definitive agreements to acquire Optotec S.p.A

03 Nov 2020 Evaluate

Sterlite Technologies is currently trading at Rs. 147.95, up by 3.05 points or 2.10% from its previous closing of Rs. 144.90 on the BSE.

The scrip opened at Rs. 146.00 and has touched a high and low of Rs. 148.70 and Rs. 146.00 respectively. So far 10049 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 174.75 on 26-Aug-2020 and a 52 week low of Rs. 59.80 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 156.70 and Rs. 140.50 respectively. The current market cap of the company is Rs. 5805.41 crore.

The promoters holding in the company stood at 54.76%, while Institutions and Non-Institutions held 10.02% and 35.22% respectively.

Sterlite Technologies (STL) has signed definitive agreements to acquire Optotec S.p.A, a leading Optical Interconnect Products Company based in Italy. The transaction is structured to acquire 100% of Optotec’s shareholding on closing at an enterprise value (EV) of 29 Million euros.

The deal will be financed by a mix of internal accruals and foreign currency debt instruments. The Closing of the transaction is subjected to customary regulatory approvals. The acquisition will create a solid springboard to offer a complete bouquet of solutions to customers across Europe, India and the Middle East.

Sterlite Technologies is an industry-leading integrator of digital networks.

Sterlite Tech. Share Price

525.00 -27.60 (-4.99%)
08-Jul-2026 16:59 View Price Chart
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