Other Deals

Vedanta Group in talks to divest 25% stake each in 3 Sterlite units

 

Vedanta Group is in talks with strategic investors to sell 25% in each of the three business units of Sterlite Technologies Ltd – namely optical fibre manufacturing, telecom network services business and software services. The group has appointed a banker and is looking at a valuation of USD 2 billion in each of these businesses.

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