What to Watch. Sterlite Tech: Revocation of pledged shares

Updated - June 11, 2019 at 05:30 AM.

 

Shares of Sterlite Technologies will remain in focus, as its promoters Twin Star Overseas has released the entire quantum of pledged shares. The company had pledged 20.94 crore shares (52.01 per cent of its total equity capital), with financial institutions, a release said. “...we have removed the entire pledge on STL, and remain committed to the highest level of corporate governance and our shareholding in the company,” said Anil Agarwal, its group Chairman.

Published on June 11, 2019 00:00