sterlite technologies demerger scheme

The demerger puts us in an even better position to serve our nation, and create great products and services for our customers and partners alike. Over the past few years, Sterlite Tech has been closely involved in India’s nation building efforts, working with governments and private operators to build best-in-class broadband infrastructure. It is listed on Bombay Stock Exchange and National Stock Exchange of India.It has 425 patents and is active in over 150 countries. The Appointed Date for the Scheme is 1 October 2016 and the process is expected to complete by Q2, FY18. History of Sterlite Technologies Ltd. Company including its incorporation date. Optical Fiber Composite Young’s Modulus Theoretical Approach, Line →, Sterlite Technologies: Strong Growth Continues →, Which Cut-off wavelength to be considered – Optical Fiber or Fiber Optic Cable? ... Sterlite Tech Shareholders short circuited in the Demerger ! Through its manufacturing facilities in India, China and Brazil, Sterlite Tech is already a major supplier to global Telcos with supply footprint across 20 countries. "The demerger scheme was earlier approved by the High Court of Mumbai on April 22, 2016, post approval by all relevant stakeholders of Sterlite Tech on December 15, 2015," Sterlite Technologies said in a Bombay Stock Exchange (BSE) filing. 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Demerger of Sterlite Technologies Ltd (STL) will result in two independent companies i.e. Has Work-From-Home decreased your efficiency? This evolution of business model will substantially increase the company’s addressable market size and drive improved ROCEs. On the international front, the company is strengthening its existing global footprint in 75 countries & furthering its customer engagements. Dr Gupta was the Chief Guest of the evening, (L-R) Sunil Sharma, VP, Sales, India & Saarc, Cyberoam and Dr Arvind Gupta, National Head IT giving the Dataquest Business Technology Award to Sapient Consulting for the best IT implementation in security, mobility, unified communications, and infrastructure management, Jubilant Lifesciences received the award for best IT implementation in analytics, mobility, cloud, ERP/SCM/CRM, ING Vysya Bank received the award for best IT implementation in mobility and ERP/SCM/CRM, infrastructure management, Escorts received the award for best IT implementation in analytics and security, Amity received the award for best IT implementation in security and unified communications, LV Bank received the award for best IT implementation in unified communications, Biocon received the award for best IT implementation in mobility and unified communications, Happiest Minds received the award for best IT implementation in security and cloud, HCL Infosystems received the award for best IT implementation in cloud and ERP/SCM/CRM, Evalueserve received the award for best IT implementation in security and cloud, Sterlite Technologies received the award for best IT implementation in analytics and cloud, Serco Global received the award for best IT implementation in mobility and cloud, Intellect Design Arena received the award for best IT implementation in cloud and unified communications, Reliance Entertainment received the award for best IT implementation in analytics and cloud, Canon India received the award for best IT implementation in analytics, Persistant Systems received the award for best IT implementation in analytics, ILFS received the award for best IT implementation in infrastructure management, eClerx received the award for best IT implementation in analytics, Sesa Sterlite received the award for best IT implementation in ERP/SCM/CRM, Hero Moto Corp received the award for best IT implementation in ERP?SCM?CRM, KPIT received the award for best IT implementation in unified communications, JK Tyres received the award for best IT implementation in analytics, Idea Cellular received the award for best IT implementation in analytics, Godfrey Philips received the award for best IT implementation in infrastructure management, Aviva Life Insurance Co received the award for best IT implementation in infrastructure management, Hindalco received the award for best IT implementation in analytics, Aircel received the award for best IT implementation in unified communications, Dr Lal Path Labs received the award for best IT implementation in cloud, Gati received the award for best IT implementation in mobility, Perfetti Van Melle received the award for best IT implementation in cloud, Sheela Foam received the award for best IT implementation in mobility, Tata Communication received the award for best IT implementation in ERP/SCM/CRM, NDTV received the award for best IT implementation in analytics, Hindustan Power received the award for best IT implementation in mobility, © Copyright © 2014 Cyber Media (India) Ltd. All rights reserved, Demerged Sterlite Tech transforms into a pure play telecom player. Telecom Company rechristened as "Sterlite Tech" and Power Company "Sterlite Power Transmission Ltd (SPTL)". Sterlite Technologies Ltd (Sterlite) is set to spin-off its power business into a separate unlisted company, while retaining its telecom business in the listed entity. As we ready ourselves for the next big evolution, the demerger gives us a unique and compelling business model to respond t o a dynamic mark et scenario, and in the process create maxim um value for our stakeholders.”, Dr Anand Agarwal, CEO, Sterlite Technologies, said, “This restructuring underscores our commitment to India’s broadband transformation. ... Sterlite Tech Shareholders short circuited in the Demerger ! Pradeep Gupta, CMD, CyberMedia Group welcoming Dr Arvind Gupta, National Head Information Technology, BJP. We enjoy a distinct and formidable advantage of powering the digital revolution for India, and in the process, transforming millions of lives across the country. SEBI in its observation letter dated 28 August 2015 objected to the scheme of arrangement between Sterlite Technologies Limited (STL) and Sterlite Power Transmission Limited (STPL). Sterlite Technologies has fixed Record Date as 16 June 2016 for purpose of determining entitlement of equity shareholders of Sterlite Technologies (STL) to receive shares of Sterlite Power Transmission (SPTL) pursuant to Scheme of Arrangement for demerger of the Power Products and Transmission Grid Business of STL into SPTL. From the investors’ perspective, the listed entity post demerger will have a better financial profile: • With significant debt reduction on balance sheet • Impro ved return ratios • High- cash g enerating business • Strong growth out look. The demerger of power business from Sterlite Technologies is effective from the appointed date of April 1, 2015. The new avatar of Sterlite Tech is world’s leading & India’s only vertically integrated Optical Communication Products, Services & Software Company. ... April 22,2016 ~ Mumbai High Court issues an Order approving the Scheme. Rao →, Telangana unveils ambitious T-Fiber program to enable high-speed broadband in villages →, Revisiting Link Loses Cable cuts, Link Reliability and Emerging Markets →, Why India must get fiberised to leapfrog to 5G →, Sterlite Tech Transforms Jaipur for Citizens & Tourists →, Sterlite Tech launches ‘BSS of the Future’ for rapid digitalisation of CSPs →, Enabling The World’s Largest Digital Inclusion →, Application of acceptance sampling in testing of optical fiber →, Sterlite Tech Q3 net profit surges 83% to Rs 900 million →. Your email address will not be published. The Demerger Scheme was earlier approved by the High Cour t of Mumbai on April 22, 2016 post approval by all relevant stakeholders of Sterlite Tech on December 15, 2015. The Demerger Scheme was earlier approved by the High Court of Mumbai on April 22, 2016 post approval by all relevant stakeholders of Sterlite Tech on December 15, 2015. "The demerger scheme was earlier approved by the High Court of Mumbai on April 22, 2016, post approval by all relevant stakeholders of Sterlite Tech on December 15, 2015," Sterlite Technologies said . The de-merger will be effective April 1, 2015 subject to all necessary approvals. Pravin Agarwal, Whole-Time Director & Vice Chairman, Sterlite Technologies, said, “The last few years have seen Sterlite Tech grow rapidly, and we have developed breakthrough innovations with over 100 patents. KPIT Technologies Limited, KPIT Engineering Limited and Birlasoft (India) Limited. →, An Investigation on Effect of Time Aging on Mechanical Behavior →, Sterlite Tech Q3 net profit up 83% to Rs 90 crore →, Are Networks in Emerging Markets Ready for Terabits Scale Optics →, Markets remain cautious on the eve of #Budget2018. The scheme involved a demerger of power products and transmission grid business from STL, a listed company, into SPTL, which was an unlisted company. As per the scheme of arrangement of demerger, the power products and transmission grid business of Sterlite Sterlite Technologies Limited has filed an application in court just to get directions from Bombay High Court that the filing of Petition by Sterlite Technologies Limited are dispensed with. As India quickly moves to its vision of technological evolution, Sterlite Tech’s smart networks will accelerate ICT performance and drive sustained growth in the coming decade. Sterlite is an innovation powerhouse in next-gen technologies like 5G, AI , FTTx and Analytics. Sterlite Technologies (STL) Shareholders short circuited in the Demerger ! Our growth over the last several years bears testimony to the astuteness of our vision and we remain committed to making India truly digit al.”. Sterlite Technologies Ltd announced the demerger effective from the appointed date of April 1, 2015 of its Power Business into Sterlite Power Transmission Ltd. #BQLive →, Sterlite Tech Foundation Launches Advanced Mobile Medical Unit for Tribals →, Sterlite Tech to Build Next Gen Communications Network for the Indian Navy →, Sterlite Tech end higher; govt focuses on internet connectivity →, National telecom policy must address challenges →, Sterlite Tech delivers sustained growth, with highest-ever performance metrics →, Sterlite Tech Brings Smarter FTTH Plug & Play Technology to OFC 2018 →, Sterlite Tech Delivers Sustained Growth, With Highest-ever Performance Metrics →, Getting Future Ready: Equipment vendors’ perspective →, Interview with Sterlite Tech’s K.S. Sterlite Techno - Record Date for Scheme of Arrangement . STL - Sterlite Technologies Limited (Formerly Sterlite Tech) NSE: STLTECH formed in 1988 is a digital technology company with offices in India, China, US, SEA, Europe and MEA. The Appointed Date for the Scheme is 1 October 2016 and the process is expected to complete by Q2 FY18. ... April 22,2016 ~ Mumbai High Court issues an Order approving the Scheme. About the origin of Sterlite Technologies. STL Tech has expertise ranging from connectivity and access solutions, hyper-scale network design and deployment, programmable networks, to AI powered digital solutions. Sterlite Technologies Limited, formerly Sterlite Optical Technologies Limited (SOTL), was established in July 2001 after the demerger of the telecom division of Sterlite Industries Ltd (SIL). The company has successfully executed and strengthen edits core business with well-timed organic and inorganic moves. Sterlite Technologies Limited, formerly Sterlite Optical Technologies Limited (SOTL), was established in July 2001 after the demerger of the telecom division of Sterlite Industries Ltd (SIL). Sterlite Tech had acquired Elitecore Technologies in 2015. The Appointed Date for the Scheme is 29 th September 2015. }, Juniper Networks announced that the company has entered into a definitive agreement…. As part of the company’s growth accelerator strategy, Sterlite Tech has carved out a distinct pure play vertical focus on the Telecom Sector. Globally, optical fiber demand was close to 370 million fkm last year, and continues to have an optimistic outlook in the backdrop of growing data consumption. In July 2006, STL acquired the transmission line business of SIL to foray into the power transmission cables business. The demerger of power business will provide better opportunity for the company to focus on its telecom business, stated a media release by the company. The Demerger Scheme was earlier approved by the High Court of Mumbai on April 22, 2016 post approval by all relevant stakeholders of Sterlite Tech on December 15, 2015. Rivalry between multinationals, represented by companies such as Nokia, Ericsson, Huawei and ZTE, and domestic vendors such as Vihaan Networks, Sterlite Technologies and … Sterlite Tech also announced completion of Elitecore Technologies’ merger, which is a global provider of Operation Support Service (OSS) & Business Support Ser vice (BSS) solution. The demerger has thus allowed the company to aggressively pitch for the opportunities of a rapidly changing broadband market, reignite its innovation pipeline, strengthen its go-to-market strategy and unlock greater value for shareholders. Sterlite Tech also completed the merger of Elitecore Technologies, a solution provider of Operation Support Service (OSS) and Business Support Service (BSS). In the Board Meeting held on 27 October 2016 the Board of Directors of Sterlite Technologies approved a Scheme of demerger of the Passive Infrastructure Business of Speedon Network Limited (SNL) a wholly owned subsidiary of the company. Catch all details and other top stories on Primetime. Your email address will not be published. ABOUT STERLITE TECHNOLOGIES LTD: Sterlite Technologies Limited (STL) is a BSE and NSE listed Company that shares the same lineage as the US $13 Bn Vedanta Group. The Scheme of Arrangement for demerger of the Power Products and Transmission Grid Business of Sterlite Technologies Limited Complaints Report Pre & Post Shareholding Patterns. Sterlite Technologies announced the demerger effective from the appointed date of April 1, 2015 of its Power Business into Sterlite Power Transmission Ltd. STL is the worlds leading data innovator. ? Get more Companies News and Business News on Zee Business. May 23,2016 ~ Order becomes effective on date of filing with Registrar of Companies. Record date is 16 June 2016. Sterlite Technologies Ltd (Sterlite) is set to spin-off its power business into a separate unlisted company, while retaining its telecom business in the listed entity. It aims to transform everyday living by delivering smarter networks. Demerger to create value for telecom business We met the management of Sterlite Technologies (Sterlite) to get a deeper insight into the triggers that lay ahead for the pure play telecom entity post the de-merger. , 2015, subject to all necessary approvals of April 1, 2015 Technology, BJP business... Is 29 sterlite technologies demerger scheme September 2015 for the Scheme is 29 th September 2015 in 150. The international front, the Company is strengthening its existing global footprint in 75 countries & furthering its engagements. 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