NEW DELHI: Sterlite Energy Transmission (SPTL) is demerging its transmission infrastructure enterprise with a view to unlocking worth by creating distinct verticals primarily based on shopper base, investor class and return profiles.
Underneath the demerger scheme, current Sterlite Energy shareholders will obtain one further share of SGL5 for each share of SPTL they maintain, the corporate stated on Friday.The ability transmission infrastructure enterprise has transmission property in India and Brazil, which can now be transferred toSterlite Grid 5 Ltd (SGL5). Each SPTL and SGL5 can have unbiased boards and administration groups.
Underneath the demerger scheme, current Sterlite Energy shareholders will obtain one further share of SGL5 for each share of SPTL they maintain, the corporate stated on Friday.The ability transmission infrastructure enterprise has transmission property in India and Brazil, which can now be transferred toSterlite Grid 5 Ltd (SGL5). Each SPTL and SGL5 can have unbiased boards and administration groups.
