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Sterlite Power: The proposal received 100 per cent approval from both secured creditors and non-fund-based lenders, along with 99.26 per cent from unsecured creditors and 99.99 per cent from equity shareholders present and voting.
Jamshedpur: Following the death of two elephants in past two weeks, Jharkhand Bijli Vitran Nigam Ltd (JBVNL) has taken initiative to identify sites in.
Sterlite Power: As a result of this move, SPTL will continue to retain its Global Products & Specialized EPC Services business, as well as the Convergence – Fiberco business.
Pratik Agrawal, Managing Director, SPTL, said in the statement, "The demerger will enable both entities to create independent capital structures, unlock value and attract investors suitable for the distinct growth profiles for each entity. We are confident that this will bring substantial value for our shareholders and help us in creating two world class business entities."
India Business News: Sterlite Power Transmission Ltd (SPTL) is demerging its transmission infrastructure business to create distinct verticals based on consumer base, inve