Twin Star Overseas Limited, Promoters of Sterlite Technologies Limited ('STL'), has announced regarding removal of entire Pledge on Shares of the company.
The promoters have announced that they have removed 100% of the pledge on STL's shares with immediate effect.
In this regard, Mr. Anil Agarwal, the Group Chairman said, "We are extremely excited about STL's strategic push towards the future of global data networks. Our recent new technology solutions for data networks are very encouraging and have the potential to fundamentally disrupt the space. As the founders and lead investors of STL, we remain bullish about our business' ability to create disproportionate long term shareholder value. As communicated, we have removed the entire pledge on STL, and remain committed to the highest level of corporate governance and our shareholding in the Company."
Shares of STERLITE TECHNOLOGIES LTD. was last trading in BSE at Rs.174.45 as compared to the previous close of Rs. 171.3. The total number of shares traded during the day was 127373 in over 3215 trades.
The stock hit an intraday high of Rs. 174.95 and intraday low of 169.8. The net turnover during the day was Rs. 21948615.