MoneyWorks4Me

Sterlite Technologies divests stake in MTCIL

01 Apr 2022 Evaluate

Sterlite Technologies (STL) has signed the definitive agreement to sell its 64.98% stake of in Maharashtra Transmission Communication Infrastructure (MTCIL). The closing as per the agreement is completed on March 31, 2022. Total Consideration of Rs 43 crore agreed to be received in multiple tranches.

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

Peers
Company Name CMP
Polycab India 8400.00
KEI Industries 4679.50
RR Kabel Ltd. 2527.00
Finolex Cables 1460.40
Precision Wire India 502.25
View more..