Please refer to the attached communication dated June 10 2019 received from Twin Star Overseas Limited Promoters of the Company regarding removal of entire Pledge on Shares of Sterlite Technologies Limited (STL).
As per the said communication the promoters have informed that they have removed 100% of the pledge on STLs shares with immediate effect.
In this regard Mr. Anil Agarwal the Group Chairman said "We are extremely excited about STLs strategic push towards the future of global data networks. Our recent new technology solutions for data networks are very encouraging and have the potential to fundamentally disrupt the space. As the founders and lead investors of STL we remain bullish about our business ability to create disproportionate long term shareholder value. As communicated we have removed the entire pledge on STL and remain committed to the highest level of corporate governance and our shareholding in the Company."
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