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Sterlite Technologies Limited. — M&A Activity 2021
Jul 28, 2021
59411_rns_2021-07-28_9676f25f-5747-43a5-8aa6-8b4a7f4e8eaf.pdf
M&A Activity
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July 28, 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: Completion of first tranche of acquisition of Clearcomm Group Limited
Kindly refer to our earlier communication dated July 22, 2021, regarding Sterlite Technologies Limited and its wholly owned subsidiary entering into definitive documents to acquire 100% stake in Clearcomm Group Limited.
We now wish to inform you that the acquisition of 80% of the shareholding of the Clearcomm, in the first tranche, has been completed on July 27, 2021. The balance 20% shareholding will be acquired in the second tranche in 2023.
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)
Sterlite Technologies Limited
Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411001. CIN - L31300PN2000PLC202408