STL divests IDS as a part of its ongoing portfolio realignment

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MUMBAI, India, Sept. 26, 2022 /PRNewswire/ — STL [NSE: STLTECH] one of the {industry}’s main integrators of digital networks, immediately introduced its divestment of Impact Data Solutions Limited (IDS), UK, as a part of its consolidated technique to concentrate on its core business segments of optical options and world providers. 

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With a strategic intent to play to its core, STL will promote its fairness in IDS to Hexatronic Group AB, for an preliminary consideration and an earn-out upside. Over the previous few years, IDS has been working in sure area of interest areas of the data-centre market, primarily inside-data-centre connectivity and containment options. This transfer will assist IDS obtain future success and allow STL to strengthen its core business and steadiness sheet. Going ahead, STL will proceed to guage non-core belongings and take prudent choices to re-balance its portfolio and optimise capital allocation. 

Commenting on this improvement, Ankit Agarwal, MD, STL mentioned, “As we take our company towards focused growth in this decade of network creation, our efforts and capital allocation will be fully aligned towards optical and global services businesses. We will continue to calibrate and realign our portfolio to enhance profitability, increase shareholder value, and drive towards our purpose of transforming billions of lives. We are proud of the value that we have co-created with IDS and wish them the best for the future.”

About STL – Sterlite Technologies Ltd:

STL is an industry-leading integrator of digital networks that helps telcos, cloud corporations, citizen networks and huge enterprises ship enhanced experiences to their clients. Read extra, Contact us.

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