Sterlite Technologies Limited (STL) has successfully completed the demerger of its Global Services Business, marking a significant strategic shift. The services division will now operate under the brand name “Invenia” through the newly formed STL Networks.
This move is aimed at creating two specialized entities, each with a sharper focus on its core business, thereby fostering accelerated growth.
The company stated that the decision to separate the services business aligns with STL’s long-term strategy of forming highly focused and agile organisations. STL Networks will continue to expand its expertise in building large-scale digital ecosystems, particularly in India and the UK.
Over the past decade, STL Networks has been instrumental in India’s digital infrastructure growth, deploying over 1.35 lakh km of Optical Fibre networks across 23 states. This demerger will allow both STL and STL Networks to operate independently, targeting distinct customer bases while enhancing investor value.
The newly structured businesses will benefit from dedicated leadership teams, with Rahul Puri leading STL’s Optical Networking Business and Pankaj Malik heading STL Networks. Their proven expertise is expected to ensure a smooth transition and sustained business expansion.
Post demerger, STL will continue to focus on Optical Networking, Optical Connectivity, Data Centers, and Enterprise solutions, with a strong presence across 100+ countries and 10+ global manufacturing facilities. The company remains committed to innovation with state-of-the-art products like Optical Fibre, Fibre Cable, and Optical Connectivity solutions.
STL Networks, on the other hand, will strengthen its digital infrastructure and services portfolio, catering to enterprises, telecom operators, cloud service providers, and government projects. Notably, the ₹2,600 crore BharatNet project in Jammu and Kashmir will now be part of STL Networks, reinforcing its role in large-scale digital transformation initiatives.
On April 1, 2025, Sterlite Technologies share price (NSE: STLTECH) opened at ₹81.30, up from its previous close of ₹80.92. At 9:33 AM, the share price of Sterlite Technologies was trading at ₹83.98, up by 3.78% on the NSE.
The successful demerger of STL’s services business into STL Networks marks a significant milestone in the company’s growth strategy. By creating two focused entities, STL aims to drive higher profitability, operational efficiency, and investor value, positioning both businesses for long-term success in the evolving digital landscape.
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Published on: Apr 1, 2025, 9:38 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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