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Sterlite Power: As a result of this move, SPTL will continue to retain its Global Products & Specialized EPC Services business, as well as the Convergence – Fiberco business.
Pratik Agrawal, Managing Director, SPTL, said in the statement, "The demerger will enable both entities to create independent capital structures, unlock value and attract investors suitable for the distinct growth profiles for each entity. We are confident that this will bring substantial value for our shareholders and help us in creating two world class business entities."