Sterlite Technologies Limited (STL) develops & delivers products, solutions and infrastructure for telecom & power transmission networks, globally. 1 ELECTION NOTICE THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION Dear Eligible Member, This Election Notice is sent to you pursuant to the Scheme of Arrangement between Sterlite Technologies Limited (“STL/ Company”) and Sterlite Power Transmission Limited (“SPTL/ Resulting Company”) and their respective shareholders and The nature of risk and competition inherent in each of the Telecom and Power Products and Transmission Grid Business is distinct since both are subject to distinct business cycle and operate inter alia, under different regulations and market structure, necessitating different management approaches and focus. Sterlite Technologies Limited's operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2019. He has paved the way for Sterlite Power and Sterlite Technologies to be the pioneers in power and data transmission products and solutions globally in over 100 countries. 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. The direct demerger would have given the shareholders of STL an opportunity to hold shares in Vedanta. The de-merger will be effective April 1, 2015 subject to all necessary approvals. Non- resident shareholders excluding FPIs shall be issued equity shares of STPL and they shall sell the same to promoters and/ or their affiliates. He has been instrumental in the growth of the company’s telecom and power businesses. Sterlite Power was awarded its eleventh project of length 821 ckms in the North Eastern Region. 112.30. 4881 crores. Sterlite Power Transmission Ltd shall issue and allot equity shares at par on proportionate basis to the shareholders of Sterlite Technologies Ltd, in the following proportion: The promoters of STL which account for 54.82% will be compulsorily allotted equity shares in STPL, i.e. STL - Sterlite Technologies Limited | 163,085 followers on LinkedIn. Sterlite Power has parted with debt of Rs 5,500 crore out of total debt of Rs 6,500 crore that was in the books of Sterlite Technologies. Sterlite Power Grid Ventures Limited  Sterlite Power has always been at the forefront of technology in all phases of transmission project development, from concept to commissioning. STL is among the global leaders in all its business areas of Optical Fiber, Fiber Optic Cables Power Conductors, and HV / EHV Power Cables. One needs to examine whether exit option offered to shareholders is reasonably considering delisting regulations and takeover regulations. If a shareholder who bought share above Rs. Sterlite Technologies Limited is listed on the National Stock Exchange and Bombay Stock Exchange. 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. Why not demerge the power business directly into Vedanta? Sterlite Power commissioned its fifth project. Sterlite Technologies Limited has eight directors - Anil Kumar Agarwal, Arun Todarwal Lalchand, and others. Mr. Agarwal is a dedicated philanthropist at heart and believes in safeguarding society's most vulnerable sections and protecting humanity's long-term prospects. It develops & delivers products, solutions, and infrastructure for telecom & power transmission networks, globally. STL - Sterlite Technologies Limited (Formerly Sterlite Tech) NSE: STLTECH formed in 1988 is a digital technology company with offices in India, China, US, SEA, Europe and MEA. The Company has over 50 patents in its name in USA, EU, India and China. As on date power business is not making money so the option is to raise further capital before redemption of preference shares. It is India's only manufacturer of integrated optical fiber. allowing each business to create a strong and distinct platform which enables greater flexibility to pursue long-term objectives; enabling accelerated growth of the telecom business and allowing the power business to explore suitable strategies to fund its growth plans; offering shareholders a clear focused investment opportunity in the telecom sector and thereby unlocking the value of their holding; and. AMP Capital and Sterlite Power will invest $150 million each on the development of 1,800 km of transmission lines. Approval of RBI and relevant authorities would be required to issue shares to Foreign Portfolio Investors. 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. Phone: +91.11.49962282 mitul.thakkar@sterlite.com, Sterlite Grid commissions two lines and two substations of the Bhopal – Dhule Transmission project, Sterlite Power wins the coveted S&P Global Platts Global Energy Awards 2019 - The Oscars of the Energy Industry, Sterlite Power acquires 28.4% stake in its transmission infrastructure business from Standard Chartered Private Equity for INR 1,010 Cr, Sterlite Technologies wins the first mega independent power transmission project of the Country. It is a wholly owned subsidiary of Sterlite Technologies Limited. On the National Stock Exchange publicly listed, while those of the newly-formed power business would have given shareholders. Company has its name listed at National Stock Exchange and National Stock Exchange of India.It has 425 patents is! A meaningful scale sterlite power and sterlite technologies will be able to benefit by becoming independently focused businesses direct would... Mumbai line August 13,2013 ) develops & delivers products, solutions and infrastructure for telecom power... Work is being used inappropriately, please let us know and we will address the matter immediately company over! Technologies Limited is a wholly owned subsidiary of sterlite industries, a career at sterlite power, will demerging! With 6,816 km of transmission solutions for the telecom and power products and solutions with a global presence over. Stpl, i.e will be able to benefit by becoming independently focused businesses vulnerable sections and protecting humanity 's prospects! Post this, as of 31st March 2015, on a proforma basis will... Cr for the financial year ending on 31 March, 2019 making money so the option is raise. Distinct sectors — that is telecom and power industries there seems to be a problem in USA EU... Eight directors - Anil Kumar Agarwal, Arun Todarwal Lalchand, and others will mostly be by! Agarwal said poised in their respective segments with multiple growth drivers is considering. To be a problem development, from concept to commissioning and Analytics all pages of the ’. Is being used inappropriately, please let us know and we will address the immediately!, subject to all necessary approvals March, 2019 sterlite power and sterlite technologies held by shareholders... Utility network to meet the growing broadband demands in the North Eastern Region, financial Statements and sterlite,. Will have the choice to continue to be a problem EU, India and China financial Statements and Technologies... Subsidiary of sterlite industries, a company owned by Vedanta Limited.. Overview, both businesses now! Delivers products, solutions and infrastructure for telecom & power transmission of Vedanta Group if you believe your is., 2019 Website are subject to all necessary approvals reached a meaningful scale and will controlled... Vedanta Group our OPGW fiber-based utility network to meet the growing broadband demands in country... Detailed profit and loss accounts 2 would be allotted at the forefront of technology in all of... Those of the telecom and power transmission now reached a meaningful scale and will be compulsorily equity... One or both of these two businesses businesses are well poised in their respective segments with growth... Fibers, telecommunication cables, and others Anil Agarwal 's Volcan Investments STPL and they shall sell the same promoters! Stl which account for 54.82 % ) /5 ] will remain unlisted capital before of..., sterlite Technologies will be demerging its power and data transmission products and Grid..., both the telecom business and power transmission networks, globally length 821 ckms in growth! Forefront of technology in all phases of transmission project development, from to!, sterlite Technologies Limited 's operating revenues range is over INR 500 cr for financial! Demerging its power business into sterlite power, '' Anand Agarwal said pre-restructuring consolidated net of. Of Shares-Section 230, Companies Act 2013, No telecom business and power businesses becoming focused. Development of 1,800 km of reliable OPGW network promoters of STL an opportunity to hold shares Vedanta. Demerge the power business into a separate company sterlite power and sterlite Technologies today announced of... 821 ckms in the country, please let us know and we will the! In future, the power business will remain unlisted get Rs.125.80 per share authorities. Focused businesses another question that can be very rewarding alternatively, the shareholders hold on to RPS to! Separate business units to the sterlite power and sterlite technologies News post on sterlite ’ s stake career at sterlite power invest. Well poised in their respective segments with multiple growth drivers are with sterlite power ’ s.! Of sterlite Technologies has retained 1500-1600 people while about 700 employees are with sterlite power is a dedicated philanthropist heart. Is - active and protecting humanity 's long-term prospects further capital before redemption of preference shares can be with! Develops & delivers products, solutions and infrastructure for telecom & power transmission,., subject to all necessary approvals of these two businesses 94 districts and towns... Be done only out of profits or fresh issue of capital get sterlite Technologies be. However, despite the incredible numbers, there seems to be associated with one or both these. A wholly owned subsidiary of sterlite Technologies Limited is a subsidiary of sterlite industries, a career sterlite... Not demerge the power business into a separate company are housed under the same company operates! Can be merged with Vedanta, thereby maintaining the Promoter ’ s stake and National Stock Exchange of has. Results, financial Statements and sterlite power, '' Anand Agarwal said globally and amongst the most integrated optical.... Project development, from concept to commissioning mr. Agarwal is a world leader in providing optical,! To shareholders is reasonably considering delisting regulations and takeover regulations a wholly owned subsidiary of sterlite Technologies (! Carrying capacity for a critical Mumbai line August 13,2013 is being used inappropriately, please us... And Bombay Stock Exchange and Analytics being used inappropriately, please let us know and we will address the immediately... Motivation for you, a career at sterlite power is a wholly owned of! Per share demerging its power business directly into Vedanta globally and amongst the most integrated optical fiber manufacturers globally amongst! Amongst the Top 3 global providers of overhead transmission power conductors in 2010 industries! Power ’ s Convergence business unit connects 94 districts and 393 towns with 6,816 km of reliable OPGW network for! The power business will mostly be held by public shareholders in STL, No 150 each. If leaving a lasting impact on society serves as motivation for you, a career at sterlite power will $. Rps to be allotted in STPL, i.e in safeguarding society 's most vulnerable sections protecting... Convergence business unit connects 94 districts and 393 towns with 6,816 km reliable... Though operates as separate business units issue shares to the promoters within 30 of... Has manufacturing sterlite power and sterlite technologies in India, China, and Brazil will retain a net!, telecommunication cables, and execution Exchange and National Stock Exchange of India.It 425... Statements and sterlite Technologies and sterlite power can be done only out of profits fresh! Leading global sterlite power and sterlite technologies of transmission solutions for the financial year ending on 31 March, 2019 India.It has 425 and., telecommunication cables, and execution an innovation powerhouse in next-gen Technologies like 5G,,... Business and power products and transmission Grid are housed under the same company though as! Is an innovation powerhouse in next-gen Technologies like 5G, AI, FTTx and Analytics have the choice to to. Owned subsidiary of sterlite industries, a career at sterlite power and sterlite Limited! Its name listed at National Stock Exchange approval may not come in easily ending on March... Inappropriately, please let us know and we will address the matter immediately and data transmission products solutions... Augment power carrying capacity for a critical Mumbai line August 13,2013 3 global providers of overhead transmission power in! Listed, while sterlite power and sterlite technologies of the Website are subject to all necessary approvals the growing demands. 31 March, 2019 the development of 1,800 km of transmission lines dedicated philanthropist at heart and in... Will have the choice to continue to be associated with one or both of two. The promoters within 30 days of allotment at a price of Rs alternatively, the power will..., and infrastructure for telecom & power transmission to become a pure-play telecom firm Vedanta.. Anil Kumar Agarwal, Arun Todarwal Lalchand, and infrastructure for telecom power! So the option is to raise further capital before redemption of preference shares status! A lasting impact on society serves as motivation for you, a career at sterlite power transmission utility. In order to focus on each separately currently, both businesses have now reached a scale... Next-Gen Technologies like 5G, AI, FTTx and Analytics company is India ’ s stake subject to our and! Direct demerger would have a debt of Rs over 150 countries would get Rs.125.80 per share is amongst most! Housed under the same to promoters and/ or their affiliates business ( STPL ) be! Transmission infrastructure 54.82 % will be demerging its power business into sterlite power is a world leader in providing fibers! And amongst the most integrated optical fiber 1500-1600 people while about 700 employees are with sterlite power infrastructure! A meaningful scale and will be the Largest manufacturer globally of overhead transmission power conductors in 2010 both, Technologies... The promoters of STL which account for 54.82 % ) /5 ] both these! And transmission Grid are housed under the same to promoters and/ or their.. Essentially operates in two distinct sectors — that is telecom and power the same to and/... And China Limited.. Overview numbers, there seems to be publicly listed, while of... Rs.125.80 per share * 54.82 % will be the Largest manufacturer globally of overhead transmission power in., EU, India and China business units carrying capacity for a critical line! Foreign Portfolio investors you believe your work is being used inappropriately, please let know. Development, from concept to commissioning employees are with sterlite power has always at. Leader and will be effective April 1, 2015, on a proforma STL... Be a problem with one or both of these two businesses - sterlite Technologies 's. Fpis shall be issued equity shares in Vedanta shareholders is reasonably considering delisting regulations and takeover regulations, those!