Sterlite Technologies Ltd (STL) witnessed a 4% surge in its stock price after successfully completing the demerger of its Global Services Business. The separated entity, STL Networks, will operate under the brand name “Invenia,” allowing both companies to focus on their core strengths and accelerate growth.
STL Networks has played a crucial role in India’s digital infrastructure, deploying over 1.35 lakh km of optical fiber across 23 states. The demerger enhances agility, enabling STL to strengthen its Optical Networking, Optical Connectivity, Data Centers, and Enterprise solutions. With 10+ global manufacturing plants and a customer base in over 100 countries, STL continues to drive digital infrastructure innovation.
Meanwhile, STL Networks will leverage its expertise in large-scale deployments to expand globally. It aims to serve enterprises, telecom providers, cloud service providers, governments, and the defense sector. A major highlight for STL Networks is its INR ~2600 crore Bharatnet project in Jammu and Kashmir, reinforcing its position in critical connectivity solutions.
The strategic move is expected to unlock value for investors, as both entities focus on their respective business domains. Market analysts view this demerger as a positive step toward enhanced operational efficiency and growth prospects.
Sterlite Technologies’ shares opened at ₹81.30 today, reaching a high of ₹84.40 and a low of ₹81.25. The stock remains significantly below its 52-week high of ₹155.05, while staying above the 52-week low of ₹77.41.
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