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Sterlite Technologies inks agreement to acquire balance 25% stake in JSTFCL

30 Jun 2022 Evaluate

Sterlite Technologies (STL) has signed the definitive agreement to acquire balance 25% stake in Jiangsu Sterlite Tongguang Fiber (JSTFCL). STL’s current shareholding in JSTFCL is 75%. Post-acquisition of balance 25% stake, JSTFCL will become a wholly owned subsidiary of STL. The closing as per the agreement is subject to the conditions precedents as set out in the agreement for acquisition.

Acquisition of the remaining 25% of JSTFCL will ensure optical fiber supply security to support STL’s expanding optical fiber cable operations.

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

Sterlite Technologie Share Price

262.45 6.80 (2.66%)
17-Apr-2026 16:59 View Price Chart
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