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Sterlite Technologies is currently trading at Rs 83.45, up by 0.65 points or 0.79% from its previous closing of Rs. 82.80 on the BSE.
The scrip opened at Rs. 83.40 and has touched a high and low of Rs. 84.55 and Rs. 82.60 respectively. So far 142109 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 109.90 on 04-Aug-2015 and a 52 week low of Rs. 48.45 on 27-Mar-2015.
Last one week high and low of the scrip stood at Rs. 84.55 and Rs. 80.00 respectively. The current market cap of the company is Rs. 3293.00 crore.
The promoters holding in the company stood at 54.84% while Institutions and Non-Institutions held 13.21% and 31.92% respectively.
Sterlite Technologies has entered into a definitive agreement for the acquisition of Elitecore Technologies, a global telecom software product company. The acquisition is for an overall enterprise value of approximately Rs 180 crore in an all cash deal. This acquisition is in line with Sterlite’s overall strategy of widening telecom portfolio of offerings to its global customers with software solutions for operations support, business support and revenue management.
Sterlite was advised by Cyril Amarchand Mangaldas on legal matters, PwC on financial diligence, EY on taxation matters and KPMG on transaction structuring matters. Carlyle and Elitecore Technologies were advised by NRS Advisors and Systematix Capital on transaction structuring, J Sagar Associates on legal matters and KPMG on taxation matters.
Elitecore is a leading provider of Operations Support Services / Business Support Services and is majority owned by First Carlyle Ventures Mauritius, whose affiliate is advised by The Carlyle Group. Elitecore has a rich product portfolio, robust technology platfoarm, strong customer track record and excellent partnerships.
Sterlite Technologies (STL) develops & delivers solutions for high speed data communication and power transmission networks, globally. STL is among the global leaders in all its business areas through its operations in India, China & Brazil.
| Company Name | CMP |
|---|---|
| Polycab India | 6525.00 |
| KEI Industries | 4060.00 |
| RR Kabel Ltd. | 1520.00 |
| Sterlite Technologie | 118.05 |
| Finolex Cables | 1201.00 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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