Sterlite Technologies share price jumps 6% after global service business demerger; check details
Sterlite Technologies’ share price jumped almost 6 per cent in intraday trade on the BSE on Tuesday, April 1, after the company announced the completion of the demerger of its global service business. Sterlite Technologies’ share price opened at ₹81.50 against its previous close of ₹80.96 and jumped 6 per cent to the level of ₹85.80. Around 1:35 PM, the stock traded 4.46 per cent up at ₹84.57.
Sterlite Technologies global service business demerger details
During market hours on April 1, the company announced through an exchange filing that it had successfully completed the demerger of its global services business.
The company’s services business will transition from Sterlite Technologies to STL Networks under the brand name…
