Sterlite Tech is preparing a fundraiser on April 28


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.

Powered by Capital Market – Live News

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

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor


About Author

Comments are closed.