MoneyWorks4Me

Sterlite Technologies acquires balance 25% stake in Jiangsu Sterlite Fiber Technology

15 Dec 2022 Evaluate

Sterlite Technologies (STL) has acquired balance 25% stake in Jiangsu Sterlite Fiber Technology (JSFTCL) (formerly known as Jiangsu Sterlite Tongguang Fiber) on December 14, 2022. The Company now holds 100% shares of JSFTCL through its wholly owned subsidiaries in China and Mauritius. The acquisition of the remaining 25% stake of JSFTCL will ensure optical fiber supply security to support STL’s expanding optical fiber cable operations.

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.

Peers
Company Name CMP
Polycab India 8216.40
KEI Industries 4579.05
RR Kabel Ltd. 2603.55
Finolex Cables 1395.70
Precision Wire India 443.05
View more..