Sterlite Technologies Limited. — Capital/Financing Update 2021

Nov 2, 2021

www.stl.tech

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November 2, 2021

BSE Limited National Stock Exchange of India Ltd Corporate Relations Department Exchange Plaza, 5[th] Floor, 1[st] Floor, New Trading Ring, Plot. C/1, G-Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai 400 001 Mumbai 400 051 Scrip Code: 532374; Scrip ID: STLTECH Symbol: STLTECH

Dear Sirs,

Sub: STL to divest its minority stake in Metis Eduventures Private Limited

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Sterlite Technologies Limited (STL) has agreed to sell its minority stake in Metis Eduventures Private Limited.

The details as required under SEBI Listing Regulations, read with SEBI Circular No. CIR/CFD/CMD/4/ 2015 dated September 9, 2015, for the said divestment is enclosed herewith as Annexure ‘A’.

We request you to take the aforesaid on record.

Thanking you.

Yours sincerely,

For Sterlite Technologies Limited

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Amit Deshpande Company Secretary & Corporate General Counsel (ACS 17551)

Enclosures: As above

Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 41001, India. CIN - L31300PN2000PLC202408

www.stl.tech

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Annexure A

	Annexure A
S.No	Particulars	Description
A	The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financialyear;	As it was a minority investment, there is no contribution to turnover or revenue or income and net worth by Metis Eduventures Private Limited duringthe last financialyear.
B	Date on which the agreement for sale has been entered into;	November 1, 2021
C	The expected date of completion of sale/disposal;	Upon the completion of conditions precedent as agreed in Share Purchase Agreement
D	Consideration received from such sale/disposal;	~Rs. 45 Crore
E	Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof;	The buyers are Westbridge AIF I, Konark Trust, MMPL Trust, AshaEdu Tech LLP, Info Edge (India) Ltd and Anil Nagar. The buyer entities does not belong to promoter/ promotergroup/groupcompanies.
F	Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length”;	No
G	Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slumpsale.	Not Applicable

For Sterlite Technologies Limited

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Amit Deshpande Company Secretary & Corporate General Counsel (ACS 17551)

Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 41001, India. CIN - L31300PN2000PLC202408