After the demerger of Sterlite Technologies Limited (STL), the two entities—Sterlite Technologies Ltd (STL) and STL Networks Limited—have distinct business focuses, and shareholders have received matching shares in the new company. Here are the key details:
Business Focus Areas Post-Demerger
| Company | Core Focus Areas |
|---|---|
| Sterlite Technologies Ltd (STL) | – Optical Networking: Manufacturing of optical fibre, fibre cables, and advanced connectivity products. – Optical Connectivity: Solutions for 5G, rural broadband (FTTx), enterprise, and data centre networks. – Enterprise & Data Centre Solutions: Innovation in AI-driven data centre infrastructure, silicon photonics, and quantum communications. – Global Manufacturing: Operations across 10+ plants, serving 100+ countries. – Product Innovation: Continues to invest in R&D and next-generation optical products. |
| STL Networks Limited (Brand: Invenia) | – Digital Infrastructure & Services: System integration, large-scale IT and network deployments. – Turnkey Projects: Building, operating, and maintaining digital ecosystems for enterprises, telecom companies, cloud providers, government, and defense. – Major Projects: Execution of large contracts like the ₹2,631 crore BharatNet project in Jammu & Kashmir. – Expertise in Deployments: Over 135,000 km of optical fibre laid across 23 Indian states. – Services Focus: Specializes in digital transformation and connectivity solutions. |
Share Entitlement and Listing Details
- Share Allotment:
For every 1 share of Sterlite Technologies Ltd (face value ₹2 each) held as of the record date (24 April 2025), shareholders receive 1 share of STL Networks Limited (face value ₹2 each). - ISIN for STL Networks:
The new shares are credited under ISIN INE1VXE01018. - Listing Timeline:
STL Networks Limited is currently unlisted but is expected to be listed and tradable on Indian stock exchanges (BSE/NSE) within 30–45 days from late June 2025, i.e., by July 2025. The company has completed all regulatory filings, and listing is pending final exchange approvals. - Trading:
Once listed, STL Networks Limited shares will be available for trading separately from Sterlite Technologies Ltd. Your demat account will reflect both holdings, and the combined value should represent your original investment adjusted for the demerger.
Summary Table
| Aspect | Sterlite Technologies Ltd (STL) | STL Networks Limited |
|---|---|---|
| Business | Optical networking, connectivity products, data centre solutions | Digital infrastructure services, system integration, large-scale deployments |
| Share Allotment | Remain as is | 1:1 ratio (1 new share for every 1 STL share held) |
| Listing Status | Already listed | Expected by July 2025 |
| ISIN | Existing | INE1VXE01018 |
Key Points:
- STL focuses on manufacturing and product innovation, while STL Networks specializes in services and digital infrastructure projects.
- Shareholders receive an equal number of STL Networks shares as they held in STL.
- STL Networks shares are expected to be listed and tradable by July 2025.
If you held STL shares as of the record date, you will see STL Networks Limited shares credited in your demat account, and you can trade them once listing is complete.