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Sterlite Power Transmission develops integrated power transmission infrastructure and provides solution services through two business units - Global Infrastructure and Solutions.
With the IPO, Sterlite Power Transmission Ltd. is mulling to raise Rs 3,000 crores ($403 million) in the FY 2021-22 through March. A prospectus is expected to be filed by September.
"The transmission project will increase power supply by 2,000-3,000 MW to the energy starved region and strengthen the transmission network," the company said in a statement.
Besides, Embassy Office Parks has approached Securities and Exchange Board of India (Sebi) to launch real estate investment trust (REIT).
According to a report by FICCI-Centrum, in the next couple of years, infrastructure investment trusts (InvITs) are slated to pick up and have the potential of unlocking USD 5-7 billion from assets, primarily in R
Trading in the equity shares of Sterlite has been permitted under B group and transferred from trade for trade segment to rolling segment with effect from today.
"The demerger scheme was earlier approved by the High Court of Mumbai on April 22, 2016, post approval by all relevant stakeholders of Sterlite Tech on December 15, 2015," Sterlite Technologies said in a BSE filing.
