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Sterlite Tech eyes broadband infra play

The company believes that the move is positive for investors as the entity will have a better financial profile post the de-merger and will reflect better return ratios

Sterlite

Considering the varying profile of investors, Sterlite Technologies has decided to hive off its power business as Sterlite Power Transmission from Sterlite Technologies, which will continue to focus on the telecom infrastructure. The company informed the demerger of Sterlite Technologies had been complete and would be effective from April 1, 2015. The company believes that from investors’ point of view, the move is positive as the entity will have a better financial profile after the demerger and reflect better return ratios,  impacted by the capital expenditure ...