24 Apr, 16:14 - Indian

SENSEX 79801.43 (-0.39)

Nifty 50 24246.7 (-0.34)

Nifty Bank 55201.4 (-0.30)

Nifty IT 35307.1 (-0.30)

Nifty Midcap 100 54969.85 (-0.13)

Nifty Next 50 65900.8 (-0.15)

Nifty Pharma 21974.6 (1.08)

Nifty Smallcap 100 16963.5 (-0.04)

24 Apr, 16:14 - Global

NIKKEI 225 35039.15 (0.49)

HANG SENG 21909.76 (-0.74)

S&P 5418.75 (0.09)


Corporate News

You are Here : Home > News > Corporate News >

(01 Apr 2025, 09:54)

Sterlite Technologies completes demerger of its global services business


Sterlite Technologies has completed the demerger of its Global Services Business. The services business will transition from Sterlite Technologies (STL) to STL Networks under the brand name "Invenia.” This milestone marks the culmination of a strategic initiative to create two specialised, future-ready organisations poised for accelerated growth.

STL's demerged entity (now STL Networks) has delivered substantial value to its customers over the past decade. With its capability to build large-scale, IT infrastructure-led digital ecosystems, the business has been making significant strides in India and the UK. It has played a pivotal role in India's digital growth story, blending the spirit of nation-building and digital infrastructure creation. Over 1.35 lakh km of Optical Fibre network have been deployed nationwide in 23 states, positioning STL Networks as a trusted partner for delivering critical connectivity solutions.

This demerger is aligned with the long-term strategy of creating two highly specialised entities. This demerger will enable STL and STL Networks—to grow independently with enhanced agility and sharper focus on their respective customer segments, creating strong, distinct platforms for future growth. This will also bring more value to investors and strategic partners with a specific interest in the services business. Both businesses will have dedicated leadership teams with proven track records, ensuring a smooth transition and continued success. Rahul Puri will lead as the CEO of Optical Networking Business at STL, and Pankaj Malik will be the CEO of STL Networks.

More News

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +