Sterlite Technologies announced that it has entered into agreements with Standard Chartered Private Equity for an equity investment of Rs 500 crore in Sterlite Power Grid Ventures Ltd (SPGVL). SPGVL, a subsidiary of Sterlite Technologies.
Sterlite Technologies Ltd has informed BSE regarding a Press Release dated July 07, 2014, titled "Standard Chartered Private Equity to invest Rs. 500 crores in the Power Transmission Infrastructure Business of Sterlite". Sterlite Technologies announced that it has entered into agreements with Standard Chartered Private Equity for an equity investment of Rs 500 crore in Sterlite Power Grid Ventures Ltd (SPGVL). SPGVL, a subsidiary of Sterlite, focused on the development and operations of power transmission projects, will issue convertible securities to Standard Chartered Private Equity for a minority share.Source : BSE
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