Sterlite Technologies’ (STL) wholly owned subsidiary -- Sterlite Global Venture (Mauritius) (SGVML) has agreed to sell the entire stake (amounting to 80% of the entire share capital) held in Impact Data Solutions, UK (IDS UK) to Hexatronic Group AB (publ.). Consequent to the Proposed Transaction, IDS UK and its wholly owned subsidiary Impact Data Solutions BV, will cease to be the subsidiaries of SGVML and step?down subsidiaries of the STL respectively. For this purpose, STL has entered into definitive documents with the relevant parties to record the terms and conditions of the Proposed Transaction and related matters.
Sterlite Technologies is an industry-leading integrator of digital networks.
