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Twin Star Overseas, the promoter<\/a> entity has pledged their entire 52.01 per cent of holding in STL with Citicorp International as a collateral for loan taken by the group company<\/a> Volcan Investment<\/a>.
STL stock gained 1 per cent to close at Rs 173 on Monday. The issue of promoter pledged shares<\/a> has been an overhang for the scrip, which has been falling for quite some time now. Shares of STL plunged 41 per cent in the last one year.
“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,” said Anil Agarwal, the Group Chairman of Vedanta.
“We are extremely excited about STL's strategic push towards the future of global data networks.”
The company is a global technology player engaged in designing, building and managing telecom broadband networks. Its offerings include optical products, system and network integration services and telecom software. Sterlite is India’s largest and only fully integrated optical fibre cable manufacturer with OF and optical fibre cable (OFC) capacity of 30mn and 15mn FKM, respectively.
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双胞胎海外明星的启动子实体已承诺与花旗公司(Citicorp)整个STL 52.01%的控股国际集团采取的作为贷款的抵押品公司就投资。
STL股价周一上涨1%,收于173卢比。启动子的问题承诺的股票代币的过剩,已经下降了很长时间了。STL股价暴跌41%在过去的一年。
“作为沟通,我们已经删除了整个STL的承诺,并继续致力于最高水平的公司治理和股权在公司里,“Anil Agarwal说,韦丹塔资源集团董事长。
“我们非常兴奋STL的战略推动全球数据网络的未来。”
公司是一个全球技术的球员参与设计、构建和管理电信宽带网络。其产品包括光学产品、系统和网络集成服务和电信软件。斯特里特工业公司是印度最大的,只有完全集成光纤电缆制造商产能和光纤电缆(OFC) 30 mn和15 mn FKM,分别。
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