Sterlite Technologies rose 11.01% to Rs 192.10 at 13:21 IST on BSE after the company announced that its promoters have removed 100% of the pledge on the company's shares with immediate effect.
The announcement was made after market hours yesterday, 10 June 2019.On BSE, 11.63 lakh shares were traded in Sterlite Technologies counter, compared to a two-week average of 2.68 lakh shares. The share price hit an intraday high of Rs 193.40 and an intraday low of Rs 183.30. It hit a 52-week high of Rs 399 on 1 November 2018 and a 52-week low of Rs 143.85 on 24 May 2019.
Sterlite Technologies announced that the company's promoters Twin Star Overseas have removed 100% of entire pledge on shares with immediate effect. Twin Star Overseas held 52.01% stake in the company.
Sterlite Technologies' consolidated net profit increased by 10.54% to Rs 163.17 crore on a 34.12% increase in net income to Rs 1804.36 crore in Q4 March 2019 over Q3 December 2018.
Sterlite Technologies is a multinational digital technology company having offices in India, China, US and Europe.
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