Sterlite Technologies Limited

STL is a global leader in end-to-end data network solutions. They design and deploy high-capacity converged fibre and wireless networks. With expertise ranging from optical fibre and cables, hyper-scale network design, and deployment and network software, they are the industry's leading integrated solutions provider for global data networks. They partner with global telecom companies, cloud companies, citizen networks and large enterprises to design, build and manage such cloud-native software-defined networks. STL has innovation at its core. With intense focus on end-to-end network solutions development, they conduct fundamental research in next-generation network applications at the Centres of Excellence. STL has strong global presence with next-gen optical preform, fibre and cable manufacturing facilities in India, Italy, China and Brazil, along with two software-development centres across India and one data-centre design facility in the UK. The financials of the company is good, RoE is 32.89% and at CMP its looks fairly priced. As this is Open Offer buyback, so there is no arbitrage benefit to investors.  So we give AVOID rating to this buyback.

• 1 Mr. Rajesh Pirogiwal
• 2 Mrs. Sunita Pirogiwal
• 3 Miss Tanvi Pirogiwal