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Sterlite Technologies Limited. — M&A Activity 2024
Feb 15, 2024
59411_rns_2024-02-15_fbce4445-f09c-491b-ba23-82e9a9aac04f.pdf
M&A Activity
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15 February 2024
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 acquisition of balance stake in Clearcomm Group Limited
Kindly refer to our earlier communication dated 22 July 2021, regarding Sterlite Technologies Limited and its wholly owned subsidiary entering into definitive documents to acquire 100% stake in Clearcomm Group Limited (“Clearcomm”). Pursuant to the said agreement, first tranche of acquisition of 80% stake was completed in July 2021.
We wish to inform that the acquisition of balance 20% stake in Clearcomm is completed now upon completion of closing conditions. The Company now holds 100% shares of Clearcomm through its wholly owned subsidiary in UK.
We request you to take the aforesaid on record.
Thanking you.
Yours sincerely,
For Sterlite Technologies Limited
AMIT VILAS Digitally signed by AMIT VILAS DESHPANDE DESHPANDE Date: 2024.02.15 17:57:31 +05'30'
Amit Deshpande General Counsel & Company Secretary (ACS 17551)
Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 41001, India. CIN - L31300PN2000PLC202408