Sterlite to demerge power biz into a separate unlisted company

Sterlite Technologies Ltd (Sterlite) is set to spin-off its power business into a separate unlisted company, while retaining its telecom business in the listed entity. The de-merger will be effective April 1, 2015 subject to all necessary approvals. Corporate restructuring In a meeting today, the Sterlite board approved the corporate restructuring plan. Following the restructuring, […]