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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. vs Union of India And Ors. 172@29@17@103!~!172@29@0@53!~!|news|!~!news|moneycontrol|com!~!|controller|news_index.php!~!is_mobile=false, Earnings, Markets, Stocks, Companies, Economy, Mergers & Acquisitions, Moneycontrol Research, Companies, Corporate Action, Mergers & Acquisitions, Markets, Companies, Mergers & Acquisitions, Policy, Coronavirus News LIVE Updates: Second dry run to take place on January 8 in all districts of the country, Nirav Modi's sister, brother-in-law turn approver in PNB scam case, Trouble for Congress in Bihar? EX-ENTITLEMENT FROM. Energy Delivery, Power Transmission Company The de-merger will be effective In July 2006, STL acquired the transmission line business of SIL to foray into the power transmission cables business. It is classified as Non-govt company and is registered at Registrar of Companies, Chennai. Sterlite Industries (India) Ltd. Sterlite Industries (India) Ltd. (400900, 500900, 600900) 28/08/2013 . Managing Money | Rules of investing in various asset classes. 5,000,000,000 and its paid up capital is Rs. COMPANY NAME . KOLKATA: The Vedanta group's proposed merger of its subsidiaries Sesa Goa Limited and Sterlite Industries (India) Limited to create 'Sesa Sterlite' has become effective. Will normalcy return to COVID-hit Indian pharmaceutical market in 2021? of equity shares Email. Sterlite Power is a leading integrated power transmission developer and solutions provider globally in Power Sector. Linkedin. or medium without express writtern permission of moneycontrol.com is prohibited. NEW DELHI: Sterlite Technologies today announced demerger of its power business into Sterlite Power Transmission to become a pure-play telecom firm. Trade Spotlight: What should investors do with Ashok Leyland, Tata Steel & Hindalco? Moneycontrol offers you a choice of email alerts on your investments for FREE! →, 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 of Amalgamation: - Amalgamation of Sterlite Industries (India) Ltd. with Sesa Goa Ltd. RECORD DATE. Catch all details and other top stories on Primetime. In fact, Sterlite is located around 6 km Northwest of Tuticorin town centre. 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