Sterlite Technologies is currently trading at Rs. 87.55, up by 1.30 points or 1.51% from its previous closing of Rs. 86.25 on the BSE.
The scrip opened at Rs. 86.25 and has touched a high and low of Rs. 88.00 and Rs. 85.40 respectively. So far 242206 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. 88.40 and Rs. 80.20 respectively. The current market cap of the company is Rs. 3407.43 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 (Sterlite) has completed the 100% acquisition of Elitecore Technologies (Elitecore), a global telecom software product company from First Carlyle Ventures Mauritius (whose affiliate is advised by The Carlyle Group) and other shareholders. The acquisition has been completed in accordance with the terms set out in the agreement announced on September 22, 2015. Going forward, Elitecore is proposed to be merged into Sterlite.
The acquisition of Elitecore is in line with the company’s overall strategy of widening its telecom portfolio of offerings to its global customers. In addition to its current offerings comprising optical products and allied system integration services, the company will now offer industry leading software solutions for operations support, business support and revenue management. The addition of Elitecore’s operation will offer significant impetus to the company’s efforts to scale up the contribution from services and solutions in its revenue mix to complement the large and high-growth optical products business.
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.
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Sterlite Technologie | 118.05 |
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