History of Sterlite Technologies Ltd. Company including its incorporation date. The merger of Elitecore into Sterlite Tech will allow for seamless integration of two companies leading to stronger customer offe rings as one -telecom entity. Record date is 16 June 2016. Dr Gupta was the Chief Guest of the evening, (L-R) Sunil Sharma, VP, Sales, India & Saarc, Cyberoam and Dr Arvind Gupta, National Head IT giving the Dataquest Business Technology Award to Sapient Consulting for the best IT implementation in security, mobility, unified communications, and infrastructure management, Jubilant Lifesciences received the award for best IT implementation in analytics, mobility, cloud, ERP/SCM/CRM, ING Vysya Bank received the award for best IT implementation in mobility and ERP/SCM/CRM, infrastructure management, Escorts received the award for best IT implementation in analytics and security, Amity received the award for best IT implementation in security and unified communications, LV Bank received the award for best IT implementation in unified communications, Biocon received the award for best IT implementation in mobility and unified communications, Happiest Minds received the award for best IT implementation in security and cloud, HCL Infosystems received the award for best IT implementation in cloud and ERP/SCM/CRM, Evalueserve received the award for best IT implementation in security and cloud, Sterlite Technologies received the award for best IT implementation in analytics and cloud, Serco Global received the award for best IT implementation in mobility and cloud, Intellect Design Arena received the award for best IT implementation in cloud and unified communications, Reliance Entertainment received the award for best IT implementation in analytics and cloud, Canon India received the award for best IT implementation in analytics, Persistant Systems received the award for best IT implementation in analytics, ILFS received the award for best IT implementation in infrastructure management, eClerx received the award for best IT implementation in analytics, Sesa Sterlite received the award for best IT implementation in ERP/SCM/CRM, Hero Moto Corp received the award for best IT implementation in ERP?SCM?CRM, KPIT received the award for best IT implementation in unified communications, JK Tyres received the award for best IT implementation in analytics, Idea Cellular received the award for best IT implementation in analytics, Godfrey Philips received the award for best IT implementation in infrastructure management, Aviva Life Insurance Co received the award for best IT implementation in infrastructure management, Hindalco received the award for best IT implementation in analytics, Aircel received the award for best IT implementation in unified communications, Dr Lal Path Labs received the award for best IT implementation in cloud, Gati received the award for best IT implementation in mobility, Perfetti Van Melle received the award for best IT implementation in cloud, Sheela Foam received the award for best IT implementation in mobility, Tata Communication received the award for best IT implementation in ERP/SCM/CRM, NDTV received the award for best IT implementation in analytics, Hindustan Power received the award for best IT implementation in mobility, © Copyright © 2014 Cyber Media (India) Ltd. All rights reserved, Demerged Sterlite Tech transforms into a pure play telecom player. Demerger to create value for telecom business We met the management of Sterlite Technologies (Sterlite) to get a deeper insight into the triggers that lay ahead for the pure play telecom entity post the de-merger. Sterlite Technologies Limited, formerly Sterlite Optical Technologies Limited (SOTL), was established in July 2001 after the demerger of the telecom division of Sterlite Industries Ltd (SIL). Sterlite Technologies (STL) Shareholders short circuited in the Demerger ! Globally, optical fiber demand was close to 370 million fkm last year, and continues to have an optimistic outlook in the backdrop of growing data consumption. 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. Telecom Company rechristened as "Sterlite Tech" and Power Company "Sterlite Power Transmission Ltd (SPTL)". Through its manufacturing facilities in India, China and Brazil, Sterlite Tech is already a major supplier to global Telcos with supply footprint across 20 countries. The new avatar of Sterlite Tech is world’s leading & India’s only vertically integrated Optical Communication Products, Services & Software Company. Over the past few years, Sterlite Tech has been closely involved in India’s nation building efforts, working with governments and private operators to build best-in-class broadband infrastructure. The demerger of power transmission business is a strategic decision that provides a well-deser ved value building oppor tunity for the telecom business. Sterlite Technologies Ltd (Sterlite) is set to spin-off its power business into a separate unlisted company, while retaining its telecom business in the listed entity. Sterlite Techno - Record Date for Scheme of Arrangement . The demerger has thus allowed the company to aggressively pitch for the opportunities of a rapidly changing broadband market, reignite its innovation pipeline, strengthen its go-to-market strategy and unlock greater value for shareholders. Sterlite Tech also completed the merger of Elitecore Technologies, a solution provider of Operation Support Service (OSS) and Business Support Service (BSS). In July 2006, STL acquired the transmission line business of SIL to foray into the power transmission cables business. display: none !important; MUMBAI: Sterlite Technologies NSE 6.61 % ’ (STL) proposal to demerge its power transmission business into Sterlite Power Transmission (STPL) and not list the company on stock exchanges hasn’t gone down too well with some investor activists, who have asked shareholders to oppose the proposal. Pradeep Gupta, CMD, CyberMedia Group welcoming Dr Arvind Gupta, National Head Information Technology, BJP. Required fields are marked *, five + eight = .hide-if-no-js { "The demerger scheme was earlier approved by the High Court of Mumbai on April 22, 2016, post approval by all relevant stakeholders of Sterlite Tech on December 15, 2015," Sterlite Technologies said . Sterlite Tech had acquired Elitecore Technologies in 2015. It is listed on Bombay Stock Exchange and National Stock Exchange of India.It has 425 patents and is active in over 150 countries. The Appointed Date for the Scheme is 1 October 2016 and the process is expected to complete by Q2, FY18. Sterlite Technologies Limited, formerly Sterlite Optical Technologies Limited (SOTL), was established in July 2001 after the demerger of the telecom division of Sterlite Industries Ltd (SIL). This evolution of business model will substantially increase the company’s addressable market size and drive improved ROCEs. Sterlite Technologies announced the demerger effective from the appointed date of April 1, 2015 of its Power Business into Sterlite Power Transmission Ltd. Sterlite Technologies (STL) Shareholders short circuited in the Demerger ! The demerger will be effective from April 1, 2015, subject to all necessary approvals. In the Board Meeting held on 27 October 2016, the Board of Directors of Sterlite Technologies approved a Scheme of demerger of the Passive Infrastructure Business of Speedon Network Limited (SNL), a wholly owned subsidiary of the company. →, Transforming Lives: Designing, building and managing smart cities →, A new approach to evaluate macro and microbending sensitivity of single mode optical fiber →, Sterlite Tech Launches ‘BSS of the Future’ for Rapid Digitalisation of CSPs →, Sterlite Tech Leads the Development of India’s First Smart City – Gandhinagar →, Sterlite Technologies bags Rs3,500 crore project from Indian Navy →, Plug & Play Smarter solution for FTTH deployment →, Certain percentage of GDP should be allocated for smart fibre infra: Sterlite Tech →, Has Sterlite Technologies Limited (NSE:STRTECH) Improved Earnings Growth In Recent Times? Advised on the composite scheme of arrangement in relation to the proposed merger of Birlasoft (India) Limited with KPIT Technologies Limited and as part of the same scheme, demerger of engineering business of KPIT Technologies Limited into KPIT Engineering Limited. SEBI in its observation letter dated 28 August 2015 objected to the scheme of arrangement between Sterlite Technologies Limited (STL) and Sterlite Power Transmission Limited (STPL). As part of the company’s growth accelerator strategy, Sterlite Tech has carved out a distinct pure play vertical focus on the Telecom Sector. In the Board Meeting held on 27 October 2016 the Board of Directors of Sterlite Technologies approved a Scheme of demerger of the Passive Infrastructure Business of Speedon Network Limited (SNL) a wholly owned subsidiary of the company. ABOUT STERLITE TECHNOLOGIES LTD: Sterlite Technologies Limited (STL) is a BSE and NSE listed Company that shares the same lineage as the US $13 Bn Vedanta Group. Catch all details and other top stories on Primetime. Sterlite Technologies Limited has filed an application in court just to get directions from Bombay High Court that the filing of Petition by Sterlite Technologies Limited are dispensed with. The Demerger Scheme was earlier approved by the High Cour t of Mumbai on April 22, 2016 post approval by all relevant stakeholders of Sterlite Tech on December 15, 2015. Optical Fiber Composite Young’s Modulus Theoretical Approach, Line →, Sterlite Technologies: Strong Growth Continues →, Which Cut-off wavelength to be considered – Optical Fiber or Fiber Optic Cable? #BQLive →, Sterlite Tech Foundation Launches Advanced Mobile Medical Unit for Tribals →, Sterlite Tech to Build Next Gen Communications Network for the Indian Navy →, Sterlite Tech end higher; govt focuses on internet connectivity →, National telecom policy must address challenges →, Sterlite Tech delivers sustained growth, with highest-ever performance metrics →, Sterlite Tech Brings Smarter FTTH Plug & Play Technology to OFC 2018 →, Sterlite Tech Delivers Sustained Growth, With Highest-ever Performance Metrics →, Getting Future Ready: Equipment vendors’ perspective →, Interview with Sterlite Tech’s K.S. "The demerger scheme was earlier approved by the High Court of Mumbai on April 22, 2016, post approval by all relevant stakeholders of Sterlite Tech on December 15, 2015," Sterlite Technologies said in a Bombay Stock Exchange (BSE) filing. The scheme involved a demerger of power products and transmission grid business from STL, a listed company, into SPTL, which was an unlisted company. Rao →, Telangana unveils ambitious T-Fiber program to enable high-speed broadband in villages →, Revisiting Link Loses Cable cuts, Link Reliability and Emerging Markets →, Why India must get fiberised to leapfrog to 5G →, Sterlite Tech Transforms Jaipur for Citizens & Tourists →, Sterlite Tech launches ‘BSS of the Future’ for rapid digitalisation of CSPs →, Enabling The World’s Largest Digital Inclusion →, Application of acceptance sampling in testing of optical fiber →, Sterlite Tech Q3 net profit surges 83% to Rs 900 million →. 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