Sterlite Power to invest $10 bn in transmission lines in four years
Sterlite Power is seeking an investment of nearly $10 billion over the next three-four years for the expansion of its business in both domestic markets as well as overseas. The company had acquired the 28.4 per cent stake that Standard Chartered Private Equity (SCPE) held in its transmission business for Rs 1,010 crore, thus owning 100 per cent stake.
Sterlite Power buys StanChart stake PE
Transmission infrastructure developer Sterlite Power on Monday said the company bought back a 28.4 per cent stake from Standard Chartered private equity (SCPE) in its transmission infrastructure business. With the Rs 1,010 crore worth transaction, Sterlite will now own 100 per cent stake in this business.
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