Sterlite Technologies informs about disclosure

29 Nov 2023 Evaluate
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, Sterlite Technologies has informed that Metallurgica Bresciana S.p.A., Italy (MB) (a wholly owned subsidiary of the Sterlite Technologies Limited (STL), has agreed to sell its 40% of outstanding shares held in Metallurgica Bresciana Maanshan Special Cable Ltd., China (MB Manshaan) (Proposed Transaction), subject to regulatory approvals, if any. For this purpose, MB and MB Manshaan have entered into definitive documents with the relevant parties to record the terms and conditions of the Proposed Transaction and related matters. The details as required under SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, for the said divestment is enclosed herewith as Annexure ‘A’.

The above information is a part of company’s filings submitted to BSE.

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