The direct demerger would have given the shareholders of STL an opportunity to hold shares in Vedanta. of RPS to be allotted in STPL (Shares of Face Value of Rs. [(3940.6*54.82%)/5]. Both, Sterlite Technologies and Sterlite Power, will be controlled by business tycoon Anil Agarwal's Volcan Investments. The company is heavily debt-ridden and on redemption, net worth will come down to almost nil (without considering a further issue of capital). Link to the Actual News Post on Sterlite’s Website. Holding unlisted equity shares won’t be beneficial considering the capital gains implications as well as difficulty in selling the unlisted shares in future. Sterlite Technologies will be demerging its power and telecom businesses in order to focus on each separately. Sterlite Grid successfully commissions project September 18,2013. STL is among the global leaders in all its business areas of Optical Fiber, Fiber Optic Cables, Power Conductors and HV / EHV Power Cables through its operations in India, China & Brazil. 800 crores, was won by Sterlite on the basis of its technical and financial credentials through a Tariff based Bidding Process conducted by PFC. 2 would be allotted at the premium of Rs. allowing shareholders an option to align with their investment philosophy by continuing to participate in the long-term capital-intensive power sector if they choose or select available options to fairly and appropriately exit. The share entitlement ratio report has been prepared by Price Waterhouse & Co LLP with a fairness opinion done by Axis Capital who are acting as financial advisers to STL. Sterlite Power is a leading global developer of power transmission infrastructure. The decision to keep the equity shares of the power business unlisted is in line with the global model for such infrastructure companies, which are not amiable to quarterly public market reporting requirements and need operational freedom and capital structure flexibility. STL is the worlds leading data innovator. The shareholders have been given an exit option to choose to depend on their investment preference but considering STPL shares are not going to be listed, it works out as compulsory exit without following delisting guidelines. We believe SEBI and stock exchange approval may not come in easily. He has been instrumental in the growth of the company’s telecom and power businesses. AMP Capital and Sterlite Power will invest $150 million each on the development of 1,800 km of transmission lines. Sterlite Power and Sterlite Technologies are pioneers in power and data transmission products and solutions with a global presence in over 100 countries. Sterlite Power Transmission Ltd (STPL)is a public company recently incorporated to carry on the business, of manufacturing of power transmission products such as power conductors and high voltage and extra high voltage cables, providing turnkey solutions for power industries and participating in the creation of power transmission infrastructure across the country. The businesses are well poised in their respective segments with multiple growth drivers. If the shareholders hold on to RPS up to 18 months they would get Rs.125.80 per share. Sterlite Technologies Limited is a leading global provider of transmission solutions for the telecom and power industries. The company has its name listed at National Stock Exchange and Bombay Stock Exchange. Considering the differentiated attributes, the inherent business models and capital requirement of each of this business, the equity shares of the telecom business will continue to be publicly listed, while those of the demerged power business will remain unlisted. Why not demerge the power business directly into Vedanta? Investors will have the choice to continue to be associated with one or both of these two businesses. New Delhi: Sterlite Technologies (STL) is planning to spend at least ₹300 crore to boost its optic fibre cable production capacity to tap into demand for the product expected to rise to nearly 25 million fibre kilometres (fkm) by 2022 given it’s key for high-speed data connectivity and 5G networks, a top company executive said. The equity shares of the telecom business will continue to be publicly listed, while those of the newly-formed power business will remain unlisted. 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