Sterlite Tech is preparing a fundraiser on April 28

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Sterlite Technologies has announced that the Company’s Board of Directors will meet on Thursday, April 28, 2022 to consider raising funds through the issuance of Capital Shares or any other securities convertible into Capital Shares or a combination thereof. securities.

On the same day, the Board of Directors will also review the financial results for the fourth quarter of FY22 and recommend the final dividend, if any, for the year ended March 31, 2022.

Shares of Sterlite Tech were trading up 0.25% at Rs 203.25 on BSE.



Sterlite Tech is a leading digital network integrator providing all-in-one 5G solutions. Its wireless connectivity, optical networking, software and service capabilities place us among the top 5G RAN vendors according to Gartner. STL has a strong global presence in India, Italy, UK, USA, China and Brazil.

On a consolidated basis, STL recorded a net loss of Rs 137 crore in Q3 FY22 against a net profit of Rs 86.64 crore posted in Q3 FY21. Operating revenue increased by 3.1% to Rs 1,355.5 crore in Q3 FY22 compared to Q3 FY21.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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