vimarsana.com

Tl Will Continue To Evaluate Non Core Assets And Take Prudent Decisions Re Balance Its Portfolio Optimise Capital Allocation Commenting On This Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

STL divests IDS as a part of its ongoing portfolio realignment

Mumbai (Maharashtra) [India], September 27 (ANI/PRNewswire): STL [NSE: STLTECH] one of the industry's leading integrators of digital networks, today announced its divestment of Impact Data Solutions Limited (IDS), UK, as a part of its consolidated strategy to focus on its core business segments of optical solutions and global services. With a strategic intent to play to its core, STL will sell its equity in IDS to Hexatronic Group AB, for an initial consideration and an earn-out upside. Over the past few years, IDS has been operating in certain niche areas of the data-centre market, primarily inside-data-centre connectivity and containment solutions. This move will help IDS achieve future success and enable STL to strengthen its core business and balance sheet. Going forward, STL will continue to evaluate non-core assets and take prudent decisions to re-balance its portfolio and optimise capital allocation. Commenting on this development, Ankit Agarwal, MD, STL said, "As we ta

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.