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.
| Company Name | CMP |
|---|---|
| Polycab India | 8184.95 |
| KEI Industries | 4841.10 |
| RR Kabel Ltd. | 1475.45 |
| Finolex Cables | 943.60 |
| Precision Wire India | 377.20 |
| View more.. | |
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