Sterlite Technologies shines on completing demerger of Global Services Business
Sterlite Technologies is currently trading at Rs. 84.96, up by 4.00 points or 4.94% from its previous closing of Rs. 80.96 on the BSE.
The scrip opened at Rs. 81.50 and has touched a high and low of Rs. 85.80 and Rs. 81.36 respectively. So far 121918 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 155.25 on 30-Jul-2024 and a 52 week low of Rs. 77.50 on 17-Mar-2025.
Last one week high and low of the scrip stood at Rs. 88.96 and Rs. 80.40 respectively. The current market cap of the company is Rs. 4137.08 crore.
The promoters holding in the company stood at 44.17%, while Institutions and Non-Institutions held 18.13% and 37.70% respectively.
Sterlite Technologies (STL) has successfully completed the demerger of its Global Services Business. The services business will transition from Sterlite Technologies (STL) to STL Networks under the brand name ‘Invenia’. This milestone marks the culmination of a strategic initiative to create two specialised, future-ready organisations poised for accelerated growth.
STL’s demerged entity (now STL Networks) has delivered substantial value to its customers over the past decade. With its capability to build large-scale, IT infrastructure-led digital ecosystems, the business has been making significant strides in India and the UK. It has played a pivotal role in India’s digital growth story, blending the spirit of nation-building and digital infrastructure creation. Over 1.35 lakh km of Optical Fibre network have been deployed nationwide in 23 states, positioning STL Networks as a trusted partner for delivering critical connectivity solutions.
With 10+ global manufacturing plants and a customer base spanning 100+ countries, STL is poised to lead the next wave of digital infrastructure innovation. As a trailblazer in Optical Networking, Optical Connectivity, Data Centres, and Enterprise solutions, STL will keep innovating with state-of-the-art products like Optical Fibre, Fibre Cable, and Optical Connectivity-engineered to set new benchmarks and power tomorrow’s connected ecosystems. The demerged entity STL Networks, with its expertise in large-scale deployments, will further strengthen its portfolio in the global digital infrastructure and services space that will enable enterprises, telecom companies, cloud service providers, government, and defense. The recently awarded around Rs 2600 crore Bharatnet project in Jammu and Kashmir will be part of STL Networks post demerger. The demerger is anticipated to drive profitability, enhance operational efficiency, and provide a more compelling investment opportunity for shareholders.
Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.
